Yandex.Taxi, the joint venture created last year by Yandex and Uber to merge their activities in Russia and neighboring countries, intends to go public in the future, said a Yandex executive last week on the sidelines of the World Economic Forum in Davos.
“We already said in the past that Yandex.Taxi can and is likely to become a public company. I don’t know if this will happen in 2019 or 2020, but it will happen,” Yandex operational and financial director Greg Abovsky told RIA Novosti.
At the time of the merger, the Yandex-Uber joint venture was valued at some $3.8 billion on a post money basis, with a 53.9% stake for Yandex and 36.9% for Uber.
Abovsky also said that unmanned taxis could appear in the Russian capital “in the next three to seven years,” following Yandex’s recent achievements in the field of self-driving cars.
Sources: Prime, RIA Novosti
