Starting September 1, 2011, the MSCI Russia Index will integrate the stock of Rostelecom, Russia’s national telecom operator, with a weight of 3%, Russian business daily Vedomosti reported yesterday. Rostelecom was originally included in the index until its reorganization process started in 2009.
JP Morgan recommends investors to buy shares in Yandex and Mail.ru Group, the two Russian Internet giants listed on the NASDAQ and the LSE respectively, Bloomberg reported yesterday. The Russian online advertising market could grow even faster than generally expected, JP Morgan analyst Alexei Gogolev argues in his report. Yandex and Mail.ru Group are “likely …
JP Morgan sees online advertising soar, recommends buying Mail.ru and Yandex shares Read More
The stock of the leading consumer electronics retailer Utinet.ru that was introduced last week on MICEX, one of the two Moscow stock exchanges, didn’t attract much investor interest during its first days of trading. This Monday the volume of trading of Utinet.ru stock totaled just 3.7 million rubles, or slightly over $130,000, while the offer …
Stock of online retailer Utinet.ru fails to attract many investors Read More
Leading consumer electronics online retailer Utinet.ru was introduced this week on MICEX, one of the two Moscow stock exchanges. The company’s bid book, which was open from July 5 to July 19, was oversubscribed by nearly 230% at the upper band of the price range – 195 rubles, or almost $7 per share – the …
First ever online retailer issues IPO on Moscow stock exchange Read More
Moscow’s MICEX stock exchange has just begun publishing the ‘MICEX Innov,’ an innovation index which MICEX president Ruben Agangegyan represented as “The beginning of a conscious life of innovation and investment in Russia.” A company’s shares can be included in the new index if it floats no less than 10% of its shares and has …
Russian innovation starts “conscious life” on Moscow stock exchange Read More
Troika Dialog Asset Management announced last Friday the creation of Troika Dialog-Global Internet, a new open ended equity fund that will invest exclusively in Internet related businesses, both in Russia and abroad.
Bloomberg reported yesterday that, according to “people with knowledge of the talks,” Vkontakte is “in early discussions with investment banks about a potential initial public offering in New York as early as next year.” Vkontakte.ru — ‘In contact’ in Russian — was designed as a Facebook clone when it was launched in 2006, but important …
Vkontakte preparing for IPO next year in New York? Read More
Newly registered in the Netherlands, Svyaznoy NV has emerged as the owner of a 99.99% stake in the Svyaznoy Group of Companies CJSC, reported Russian business daily Vedomosti. Svyaznoy NV only controls the retail business of Svyaznoy, currently Russia’s second leading mobile phone retailer after Euroset. Other Svyaznoy assets, including a bank and a retail …
EPAM Systems, an offshore software developer with major R&D centers in Russia, Belarus and Ukraine, has informed the US Securities and Exchange Commission that it plans to launch an IPO, reported Russian daily Vedomosti on Thursday.
Utinet.ru, a major Russian online retailer specializing in notebooks and other electronic goods, has set early July as the target for its planned IPO on the MICEX stock exchange in Moscow, according to Mikhail Ukolov, the group’s Managing partner speaking on an online conference organized last week by Finam, a leading Russian financial company. This …
Yandex triumphantly started trading yesterday on NASDAQ, with its shares subscribed 17 times more than had been made available, reported Reuters from an unnamed source. After initially considering a $20 to $22 price range per share, the company defined its IPO pricing at $25 per share, but after trading started, the price surged to nearly …
Yandex shares oversubscribed 17 times, surge up to 60% over initial pricing Read More
Yandex looks to raise up to $1.1 billion offering 52 million shares between $24 to $25 a share, up from an initially considered price of $20 to $22, commanding a market value around $7 billion. Yandex will list on the NASDAQ under the symbol YNDX starting from May 23, 2011. In light of this IPO, East-West …
