1. Yandex is more than a search engine Since its launch in 1997, not only has Yandex become Russia’s number one search engine. Beyond its estimated 55% to 64% share of the search market, Yandex is an integrated Internet company leading in such areas as online maps and location based services, news aggregation services, streaming music …
Seven things you need to know to be a Yandex expert Read More
Today, only one player can pretend to match, or hope to surpass, Yandex on the Russian Internet market: Mail.ru Group, a behemoth that was introduced last year on the London Stock Exchange. Both groups are comparable in their range of revenues (Yandex: $439.7 million in 2010; Mail.ru Group: $324 million) and in their good financial …
Yandex vs. Mail.ru Group, the two behemoths of the Russian Internet Read More
If considered literally, the long list of “risk factors” published in Yandex’s IPO prospectus could terrify any reasonable investor. The list starts with countless business risks. Yandex does not hide its strong vulnerability to variations of the advertising market: “We generate almost all of our revenues from advertising, which is cyclical in nature.” Not only is …
Had not Sergey Brin emigrated with his family to the United States at the age of 6, his destiny might have perhaps resembled those of Arkady Volozh and Ilya Segalovich, the Russian mathematicians who founded Yandex. Until the collapse of the Soviet Union in the early 1990s, Volozh and Segalovich were rather typical representatives of …
From startup to IPO: How Yandex became Russia’s search giant Read More
1990 Two information search systems — the International Classifier of Inventions and the Goods and Services Classifier — were developed in DOS by Arcadia, the company founded by Arkady Volozh and Arkady Borkovsky. These systems provided the foundation for Yandex’s technology.
Yandex, the Russian search giant that filed a registration statement with the SEC for a proposed IPO on NASDAQ last week, warned potential investors in its prospectus that it was as “vulnerable to politically motivated actions” as any other high-profile businesses in Russia. In the prospectus, Yandex acknowledges the risk of “other parties” perceiving its …
Yandex warns against threats from state and oligarchs; Considers international expansion Read More
Russia’s leading search engine Yandex announced that it has filed a registration statement with the SEC for a proposed IPO on NASDAQ, TechCrunch reports. According to the filing, the proposed maximum aggregate offering price amounts to $1 billion. A portion of the shares will be issued by Yandex, and a portion will be sold by certain …
Yandex prepares IPO; hopes for $9 billion valuation Read More
Armada, a Russian group offering software development and other IT services, announced last Friday that it sold 2.4 million additional shares for $13 each on Russia’s MICEX and RTS stock exchanges.
Prominent Russian businessman Alisher Usmanov told Bloomberg that his $500 million acquisition of a 5% stake in Chinese Web retailer 360buy.com in March may have been his last big direct Web investment for some time. In a phone interview with the financial news agency last Friday, Usmanov said, “Investments in Internet companies start to bring …
DST backer cautious about investing in Internet companies as prices may have peaked Read More
Russia’s leading mobile retailer Euroset, whose IPO on the LSE was scheduled for this week, decided today to postpone the operation. “Despite increased interest from the investment community in Euroset, we decided to postpone the IPO due to volatile market conditions,” said President Alexander Malis, adding however that the company still expects to realize its strategic …
Euroset Holding NV, parent company of Euroset Group, has promised to pay dividends in 2012 that range from 45% to 75% of the consolidated net income of the preceding fiscal year, as stated in the preliminary prospectus for the IPO of Euroset Holding.
According to analysts at Alfa-Bank, Euroset’s are set to grow, on average, by 26.1% annually until 2015, reaching an estimated 197.4 billion rubles (approximately $7 billion). EBITDA should hit 21.9 billion rubles ($776 million) by 2015, and net profit should rise to 15.02 billion rubles ($532 million). Euroset, Russia’s leading mobile retailer, announced last week …
