Primary floatation of "Yandex" stock will be held on american NASDAQ

/IRBIS, April 29, 2011/ - Yandex N.V., the parent company of Russian major search engine "Yandex", filed the documents for primary stock floatation premarketing on Americal Nasdaq stock exchange to the Commission on stocks and stock exchanges, BFM.ru informed at April 28. As stated, this was declared by the company on April 28 evening. The report of Yandex N.V. says that it will file a number of existing issuers' quotas and new stocks. It's listed that the amount of share packages and their cost are not defined yet. Earlier, the source of The Wall Streen Journal newspaper messaged that preliminary estimate of Yandex's capitalization before IPO made $6 to 9 billion. By-turn, "Renaissance-Capital" analyst David Ferguson informed the newspaper that the adequate estimate of Yandex makes around $7 billion, based on the prognosis of income growth. It was also stated that the investors might be offered 10-20% of stocks. According to the report, the sponsors of IPO are Morgan Stanley, Deutsche Bank and Goldman Sachs, cooperative managers - Piper Jaffray & Co. and Pacific Crest Securities, the coordinator is Morgan Stanley JCS. The rumors on the forthcoming Yandex IPO appeared many times. In November, "Mail on Sunday" informed that the search engine planned to attract around GBP1 billion (or $1,573) on the LSE. As stated, the experts note that "Yandex" intends to perform the listing after another Russian internet gianr - Mail.Ru Group, which was estimated to $5.71 billion and gained $1 billion from IPO. The analysts have stated before, that "Yandex" may be valued even higher than Mail.Ru because of its huge bulk on internet-advertisement market, including the text advertisement. On the comScore researching company's data, "Yandex is on the sixth place in top ten of world greatest search engines. In February, American business journal "U.S. Fast Company" has added "Yandex" into the top 50 innovational corporations. The list is headed by Apple, and Yandex takes the 26th position. According to LiveInternet.ru counter, the Russian internet search quota of Yandex made 65% in March, the second place belongs to Google with nearly 22%, Mail.Ru is on the third place with the amount of estimately 7%. According to the estimates of the Association of Russian communication agencies (ARCA) and the Mindshare agency, 75-80% of the Russian text advertisement market goes to Yandex, as of the first half of 2010. In March "Yandex" services, according to company's own information, attracted 38,300 million of unique visitors. Yandex's net profit by the end of 2010 went up 89.9% to $134 million in comparison with 2009. [2011-04-29]