Yandex gained 55% during the first trading day

Yandex gained 55% during the first trading day

The shares of the Russian based search engine operator “Yandex” closed at 38.84 dollars on May 24. Thus, one trading day indicated the growth by 55%, Nasdaq reported.
The Initial Public Offering (IPO) of Yandex on the American exchange, May, 24, was successful. The Russian entity was selling its shares at 25 dollars and attracted 1.3 billion dollars investments. Recently, the business mass media informed that the bid book for Yandex shares had been overbid ten times – the data is reported by Vedomosti newspaper. It allowed Yandex to increase the initial price from 20-22 dollars to 24-25 dollars.
Yandex is not a pioneer of the IPO on the exchange. RBK shares also traded on the exchange. In June 2005 Rambler listed its shares on London Stock Exchange but in 2009 it had to delist. At the end of 2010 Mail.RuGroup issued its shares and attracted about one billion dollars on the foreign exchanges. During the first trading days the shares of the company significantly rose in price but later the investors started to get rid of the securities. At present one share of Mail.RuGroup is traded at a smidgeon more than 33 dollars though during the IPO it cost 27.7 dollars. On May, 24 Mail.Ru shares fell down by more than 5%.
Yandex is owned by several private investors including its founder Arkadiy Volozh (he possesses 19.77 % of voting shares) and funds (for instance, BaringVostokPrivateEquityFunds owing 25.97% of shares); the golden share belongs to Sberbank.
 

Posted on: 2011-05-27 14:23:00 UTC
Back to the list
Quick News
Tuesday, 22 July 2014
05:00
DOLLAR INDEX RISES TO 6-WEEK HIGH OF 80.739 AS EURO WEAKENS
04:51
INDONESIA 1-YR T-BILL WEIGHTED AVG YIELD AT 6.80000 PCT - FIN MINISTRY
04:49
INDONESIA RAISES 13.5 TRLN RPH FROM DEBT AUCTION - FIN MINISTRY
04:43
SPAIN SAYS 9-MONTH BID TO COVER RATIO 3.2 VS 2.4 AT PREVIOUS AUCTION
04:42
SPAIN SAYS 3-MONTH BID TO COVER RATIO 4.5 VS 3.8 AT PREVIOUS AUCTION
04:32
U.K. June PSNB GBP 11.4 Bln, Consensus GBP 10.5 Bln
04:20
Euro Declines Further To 4-day Low Of 0.7904 Versus Pound
04:02
Germany May CB Coincident Index Down 0.2% Vs. -0.1% In April
04:01
HK'S HANG SENG INDEX CLOSES UP 1.7 PCT
04:01
Germany May CB Leading Index Up 0.3% Vs. 0.2% In April
03:39
U.S. Dollar Rises To 4-day High Of 0.8671 Vs NZ Dollar
03:36
Euro Slides To 1.3513 Vs U.S. Dollar, 0.7913 Vs Pound
03:17
Nielsen: Q2 Global Consumer Confidence Highest Since Q1 2007
03:03
GERMANY'S DAX UP 0.7 PCT
03:01
SHANGHAI COMPOSITE INDEX ENDS UP 1.0 PCT
03:01
CHINA'S CSI300 INDEX ENDS UP 1.2 PCT
03:01
SPAIN'S IBEX RISES 0.5 PCT, ITALY'S FTSE MIB GAINS 0.8 PCT
03:01
S.Africa May Leading Index 99.6 Vs. 99.5 In April
03:00
EUROPE'S FTSEUROFIRST 300 FLAT IN EARLY DEALS
03:00
BRITAIN'S FTSE 100 UP 0.4 PCT, FRANCE'S CAC-40 UP 0.4 PCT
02:37
Swiss Franc Slides To 1.2149 Against Euro
02:36
Swiss Franc Ticks Down To 1.5347 Against Pound
02:35
Swiss Franc Edges Down To 0.8986 Against U.S. Dollar
02:07
Japan Govt. Cuts FY 2014 Growth Forecast To 1.2% From 1.4%
02:05
Swiss H1 Watch Exports Rise 3% On Year; Crosses CHF 10 Bln Mark
02:04
Swiss June Watch Exports Up 1.4% On Year Vs. 1.2% In May
02:04
Swiss Jan-Jun Trade Surplus Rises To CHF 13.84 Bln
02:02
Swiss June Trade Surplus CHF 1.38 Bln, Consensus CHF 2.78 Bln
02:01
GERMAN BUND FUTURES OPEN 12 TICKS LOWER AT 148.29
02:01
Finland Jun Unemployment Rate 9.2% Vs. 10.7% In May
02:00
TOKYO'S NIKKEI AVERAGE UNOFFICIALLY CLOSES UP 0.84 PCT AT 15,343.28
02:00
SEOUL SHARES UNOFFICIALLY CLOSE UP 0.52 PERCENT
01:50
ECONOMISTS: SUPPORT FOR EUR IS SEEN AT $1.3460/80
01:07
Japan May Coincident Index Rev. 111.3 Vs. 111.1 In April
01:04
INDIA CBANK SAYS BANKS' CASH BALANCES 3.31 TRLN RUPEES ON JULY 16
01:03
INDIA CBANK SAYS JULY 21 REFINANCE 316.52 BLN RUPEES
01:03
Japan May Leading Index Rev 104.8 Vs. 106.5 In April
00:31
Japan May All Industry Activity Up 0.6% On Month, Consensus 0.6%
M5 M15 M30 H1 H4 D1 W1
EURUSD 1.3487 +0.0002
GBPUSD 1.7069 +0.0003
USDJPY 101.51 -0.01
USDCHF 0.9008 -0.0002
USDCAD 1.0741 0.0000
Symbol Bid Ask
EURUSD 1.3487 1.3490
GBPUSD 1.7069 1.7072
USDJPY 101.51 101.54
USDCHF 0.9008 0.9011
USDCAD 1.0741 1.0744
EURJPY 136.92 136.95
EURCHF 1.2151 1.2154
EURAUD 1.4367 1.4374
GBPJPY 173.28 173.35
GBPCHF 1.5376 1.5383
SILVER 20.830 20.870
GOLD 1307.14 1307.74
louiououio