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May 24, 2011 06:56 pm GMT
After pricing its IPO at $25 per share a few hours before the market opened, the Russian search giant's share price jumped by 40% immediately after the opening bell was rung.The price per share opened this morning at $35, giving Yandex a market cap of roughly $11.2 billion at its debut. That means its value currently surpasses that of LinkedIn, which went public last week (successfully, too).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/m4dwSU2mwH4/
Yandex Opens At $35 Per Share With A $11.2B Market Cap (Bigger Than LinkedIn)
After pricing its IPO at $25 per share a few hours before the market opened, the Russian search giant's share price jumped by 40% immediately after the opening bell was rung.The price per share opened this morning at $35, giving Yandex a market cap of roughly $11.2 billion at its debut. That means its value currently surpasses that of LinkedIn, which went public last week (successfully, too).Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/m4dwSU2mwH4/
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