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
Monday, 15 September 2014
22:21
NZ Dollar Rises To 5-day High Of 0.8200 Against U.S. Dollar
22:09
Yen Advances To 5-day High Of 106.92 Against U.S. Dollar
22:09
Yen Rises To 5-day High Of 173.67 Against Pound
22:00
CHINA AUG FDI (YTD) DECREASE TO -1.8 % VS PREV -0.35 %
21:44
CHINA'S YUAN OPENS TRADE AT 6.1501 PER DOLLAR VS LAST CLOSE 6.1420
21:28
SHANGHAI COMPOSITE INDEX OPENS UP 0.1 PCT
21:28
CHINA CSI300 INDEX OPENS UP 0.1 PCT
21:20
PBOC SETS YUAN MID-POINT AT 6.1462 / DLR VS LAST CLOSE 6.1420
21:20
CHINA C.BANK TO DRAIN 15 BLN YUAN VIA 14-DAY REPOS TODAY - TRADERS
21:06
TAIWAN STOCKS OPEN FLAT
21:06
CHINA 7-DAY REPO OPENS AT 3.20 PCT VERSUS 3.80 PCT AT PREVIOUS CLOSE
20:01
SEOUL SHARES OPEN UP 0.20 PERCENT
16:01
NEW ZEALAND DOLLAR TRADES AT $0.8173 IN EARLY ASIA-PACIFIC TRADE
16:00
AUSTRALIAN DOLLAR TRADES AT $0.9026 IN EARLY ASIA-PACIFIC TRADE
15:33
ARGENTINA SEES EXCHANGE RATE AT 9.45 PESOS/DLR IN 2015: BUDGET BILL
15:31
ARGENTINA SEES 2014 ECONOMIC GROWTH AT 0.5 PCT: 2015 BUDGET BILL
15:31
ARGENTINA SEES 2015 ECONOMIC GROWTH AT 2.8 PCT: BUDGET BILL
15:31
ARGENTINA SEES 2014 INFLATION AT 21.3 PCT: BUDGET BILL
15:31
ARGENTINA SEES 2015 INFLATION AT 14.5 PCT: BUDGET BILL
15:31
ARGENTINA SEES 2015 TRADE SURPLUS AT $9197 MLN: BUDGET BILL
14:51
BRENT CRUDE FUTURES SETTLE AT $96.65/BBL, DOWN 46 CENTS, 0.47 PCT
11:30
ITALY'S FTSE MIB DOWN 1.1 PCT, SPAIN'S IBEX DOWN 0.4 PCT
11:22
FITCH'S RADAR PUTS EUROZONE WEAKNESS AS LARGEST RISK TO RATINGS
11:18
KERRY TO REPORTERS IN PARIS: “WE ARE NOT COORDINATING WITH IRAN”
10:48
U.S. STOCKS EXTEND FALL, NASDAQ DOWN 1.00 PCT
10:30
FITCH: SWEDISH VOTE CREATES UNCERTAINTY; FISCAL METRICS STRONG
10:20
Pound Eases To 1.5176 Vs Franc, 0.7970 Vs Euro
09:39
ECB CALLS FOR BIDS IN 7-DAY OPERATION FIXED RATE OF 0.05 PCT
09:17
U.S. Industrial Production Dips 0.1% In August
09:05
OUTGOING SWEDISH FIN MIN BORG SAYS TO LEAVE POLITICS
08:52
FITCH: NEW RUSSIA SANCTIONS TO HIT OIL DEVELOPMENT NOT LIQUIDITY
08:31
New York Manufacturing Index Jumps To 27.5 In September
08:04
Poland Aug Consumer Prices Down 0.3% On Year, Consensus -0.3%
08:02
Poland Aug Consumer Prices Fall 0.4% On Month, Consensus -0.4%
08:00
INDIA AUG IMPORTS - USD* DECREASE TO 37.8 BLN $ VS PREV 39.96 BLN $
08:00
INDIA AUG EXPORTS - USD* DECREASE TO 26.96 BLN $ VS PREV 27.73 BLN $
05:38
OECD Projects Eurozone To Grow 0.8% In 2014, 1.1% In 2015
05:36
OECD Forecasts U.S. GDP To Grow 2.1% In 2014
05:26
OECD CALLS ON ECB TO LAUNCH A QUANTITATIVE EASING PROGRAMME
05:25
OECD SEES 2014 CHINESE GDP GROWTH OF 7.4 PCT, UNCHANGED FROM MAY
05:25
OECD SAYS NEAR-ZERO EURO ZONE INFLATION RAISES DEFLATION RISK
05:24
OECD TRIMS BRITAIN'S 2014 GDP FORECAST TO 3.1 PCT FROM 3.2 PCT IN MAY
05:03
Eurozone July Imports Rise 0.9% M-o-M
05:02
INDONESIA AUG CAR SALES YY* INCREASE TO 24.1 % VS PREV -18.5 %
05:02
INDONESIA AUG MOTORBIKE SALES YY* INCREASE TO 24.6 % VS PREV -23.9 %
05:02
TURKEY JUN 3M QTLY JOBLESS AVG* INCREASE TO 9.1 % VS PREV 8.8 %
05:02
Eurozone July Exports Down 0.2% On Month
05:01
Eurozone July Trade Surplus EUR 21.2 Bln Vs EUR 18 Bln Last Year
04:08
CHINA'S C.BANK: SAYS BANK OF CHINA TO BE YUAN CLEARING BANK IN PARIS
04:04
Norway Aug Exports Fall 1.8% On Year
04:03
Norway Aug Imports Rise 1.3% On Year
04:02
Norway Aug Trade Surplus NOK 22.35 Bln
04:01
HK'S HANG SENG INDEX CLOSES DOWN 1.0 PCT
03:42
RBI WANTS TO REDUCE RETAIL INFLATION TO 6 PCT BY 2016
03:37
CBR PROJECTS GDP GROWTH AT 0.4 PCT THIS YEAR AND 0.9-1.1 PCT IN 2015
03:36
CBR REITERATES 2015 INFLATION TARGET OF 4.5 PCT
03:33
Dutch July Exports Up 4.1% On Year Vs. 3.2% In June
03:32
Dutch Jul Retail Sales Up 0.7% On Year
03:18
Swiss Aug Producer And Import Prices Fall 1.2% On Year
03:16
Swiss Aug Producer And Import Prices Down 0.2% On Month
03:03
SPAIN'S IBEX DOWN 0.4 PCT, ITALY'S FTSE MIB DOWN 0.5 PCT
03:02
Turkey Jobless Rate 9.1% In June
03:01
EUROPE'S FTSEUROFIRST 300 FALLS 0.3 PCT TO 1,378.37 POINTS
03:01
CHINA'S CSI300 INDEX ENDS DOWN 0.1 PCT
03:00
TURKISH CENTRAL BANK SAYS OPENS 3 BILLION LIRA REPO AUCTION
02:29
INDIA AUG WPI FUEL YY* DECREASE TO 4.54 % VS PREV 7.4 %
02:29
INDIA AUG WPI FOOD YY* DECREASE TO 5.15 % VS PREV 8.4 %
02:29
INDIA AUG WPI MFG INFLATION* DECREASE TO 3.45 % VS PREV 3.67 %
02:04
Finland Aug CPI Up 0.1% On Month
02:03
Finland Aug CPI Up 1.1% On Year Vs 0.8% Rise In July
02:02
TRADERS EXPECT MORE SWINGS IN THE POUND AS MORE POLLS ARE RELEASED
02:01
SEOUL SHARES UNOFFICIALLY CLOSE DOWN 0.30 PERCENT
02:01
GERMAN BUND FUTURES OPEN 2 TICKS HIGHER AT 147.92
01:55
S.KOREAN WON HITS 5-MTH LOW ON FED RATE BET
01:48
THAI FINMIN SAYS UNSURE ECONOMY WILL GROW 2 PCT THIS YEAR AS FORECAST
01:46
CHINA’S AILING PROPERTY SECTOR A GROWING DRAG ON ECONOMY
01:02
Singapore July Retail Sales Down 0.2% M-o-M, Consensus -1%
01:02
NZ Dollar Falls To 7-month Low Of 0.8122 Against U.S. Dollar
01:02
Singapore July Retail Sales Rise 5.5% On Year, Consensus 3.6%
00:57
Swiss Franc Falls To 5-day Low Of 1.2104 Vs Swiss Franc
M5 M15 M30 H1 H4 D1 W1
EURUSD 1.2951 +0.0003
GBPUSD 1.6239 +0.0002
USDJPY 107.01 -0.02
USDCHF 0.9340 -0.0003
USDCAD 1.1045 -0.0002
Symbol Bid Ask
EURUSD 1.2951 1.2954
GBPUSD 1.6239 1.6242
USDJPY 107.01 107.04
USDCHF 0.9340 0.9343
USDCAD 1.1045 1.1048
EURJPY 138.61 138.64
EURCHF 1.2096 1.2101
EURAUD 1.4325 1.4332
GBPJPY 173.82 173.89
GBPCHF 1.5168 1.5175
SILVER 18.700 18.740
GOLD 1236.62 1237.22
Forexpedia
Singapore Exchange Limited also called as SGX is an investment holding company based in Singapore and offers various services associated with derivatives and securities trading and others. Singapore...