Yandex market cap bigger than LinkedIN

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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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...

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.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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