russia

Russia’s Yandex to pre-market IPO next wk-sources

Manual of Yandex announced in late May to place the company’s shares on the American Stock Exchange NASDAQ. Required for this application with the U.S. Securities have been filed. Early next week, Yandex starts pre-marketing the IPO, reports Reuters referring to the three sources in the financial market. The largest shareholders of Yandex have been, according to the IPO prospectus of the company, not the founders Arkady Volozh and Ilya Segalovich and fund Baring Vostok Capital Partners, which in 2000 was invested in the search engine $ 5.28 million, now share the company’s shareholders are distributed as: Baring Vostok Capital Partners – 22,6%, Arkady Volozh – 14.67%, with Ilya Segalovich – 3,07%, the U.S. fund Tiger Global 20,5% stake, has 5,13% of shares – at UFG.

Russia beware !

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