Dynamic Wealth Management Headlines: Yandex Is Set for $1.
3 Billion Stock Offering
May 25th, 2011
By EVELYN M.
RUSLI
http://dealbook.
nytimes.
com/2011/05/23/yandex-set-for-1-3-billion-stock-offering/
Less than a week after LinkedIn’s stellar debut, Wall...
More
Dynamic Wealth Management Headlines: Yandex Is Set for $1.
3 Billion Stock Offering
May 25th, 2011
By EVELYN M.
RUSLI
http://dealbook.
nytimes.
com/2011/05/23/yandex-set-for-1-3-billion-stock-offering/
Less than a week after LinkedIn’s stellar debut, Wall Street is gearing up for the initial public offering of
yet another multibillion-dollar Internet start-up.
Yandex, one of the largest Web companies in Russia, will price its offering at $25 a share, well above
expectations, according to a person briefed on the deal who was not permitted to publicly discuss the
offering.
The company, based in Moscow, is set to go public on Tuesday morning.
It plans to sell 52.
2 million
shares in its offering and raise $1.
3 billion.
Its underwriters, led by Morgan Stanley, Goldman Sachs and
Deutsche Bank Securities, also have the option to sell an additional 5.
2 million shares to cover overallotments.
At $25 a share, the company is being valued at $8 billion.
Enthusiasm has been building for Y
Less
