Search engine "Yandex" estimated at five billion dollars
The company "Yandex" during the initial public issue of shares (IPO) on the NASDAQ stock exchange may generated from a half to two billion dollars. At least, these figures leads Reuters citing informed sources.
About that Internet-holding "Yandex" plans with the help of banks Morgan Stanley, Deutsche Bank and Renaissance Capital this autumn to carry out IPO, became known for about three months ago. Analysts believe that the share issue "Yandex" will be one of the largest IPO of Russian companies ICT sector. So far, the largest deployment in this area was conducted in February 2005 issue of securities Sistema, to sell shares amounting to 1.5 billion dollars.
Reuters noted that the value of "Yandex" tentatively estimated at five billion dollars. Official figures have not yet named, the company "Yandex" refused to comment on the situation. Vedomosti noted that a more accurate valuation "Yandex" will appear in September and will depend on the financial performance of companies in the first half of this year, as well as on market conditions, in particular, the dynamics of quotations from American and Chinese Google search engine Baidu.
He added that to date "Yandex is one of the most visited resources Runeta. Daily portal Yandex.ru audience of more than five million users. In December last year, "Yandex" got to the ninth line of ten major search engines ranking of the world's version of comScore.