Yandex market cap bigger than LinkedIN

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Yandex, the Russian search engine/internet service provider, hit the ground running with an initial public offering giving them a market cap of $11.2 billion.  The IPO comes only a week after LinkedIn went public, and leads industry analysts to speculate on whether another tech bubble is forming and could burst.  Yandex priced its shares at $25 each before the NASDAQ opened trading on them, and they had jumped to $35 by the opening of the day.  This is approximately 500 times its previous sale price, when investors purchased it in 2001.  The company employs about 2,500 employees in and around Russia, with another office in Silicon Valley, and is one of the largest tech firms in Russia.  About 64% of Russian searches are made using Yandex.

 

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Reading Time: 1 minute

Yandex, the Russian search engine/internet service provider, hit the ground running with an initial public offering giving them a market cap of $11.2 billion.  The IPO comes only a week after LinkedIn went public, and leads industry analysts to speculate on whether another tech bubble is forming and could burst.  Yandex priced its shares at $25 each before the NASDAQ opened trading on them, and they had jumped to $35 by the opening of the day.  This is approximately 500 times its previous sale price, when investors purchased it in 2001.  The company employs about 2,500 employees in and around Russia, with another office in Silicon Valley, and is one of the largest tech firms in Russia.  About 64% of Russian searches are made using Yandex.

Reading Time: 1 minute

Yandex, the Russian search engine/internet service provider, hit the ground running with an initial public offering giving them a market cap of $11.2 billion.  The IPO comes only a week after LinkedIn went public, and leads industry analysts to speculate on whether another tech bubble is forming and could burst.  Yandex priced its shares at $25 each before the NASDAQ opened trading on them, and they had jumped to $35 by the opening of the day.  This is approximately 500 times its previous sale price, when investors purchased it in 2001.  The company employs about 2,500 employees in and around Russia, with another office in Silicon Valley, and is one of the largest tech firms in Russia.  About 64% of Russian searches are made using Yandex.

 

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