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May 24, 2011 03:03 pm GMT
Yandex, one of the leading Internet companies in Russia, this morning announced the pricing of its initial public offering of a little under 52.2 million Class A ordinary shares at $25.00 per share. The shares will begin trading later today on NASDAQ under the symbol "YNDX".The company is thus raising a little over $1.3 billion, and has granted its underwriters a 30-day option to purchase up to an additional 5.2 million shares to cover over-allotments.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/P4uJNWWoe1M/
Yandex Prices IPO At Higher Than Expected $25 Per Share, Raises $1.3 Billion
Yandex, one of the leading Internet companies in Russia, this morning announced the pricing of its initial public offering of a little under 52.2 million Class A ordinary shares at $25.00 per share. The shares will begin trading later today on NASDAQ under the symbol "YNDX".The company is thus raising a little over $1.3 billion, and has granted its underwriters a 30-day option to purchase up to an additional 5.2 million shares to cover over-allotments.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/P4uJNWWoe1M/
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