Capital markets

After parting ways with Sberbank, Yandex plans to buy Russia’s leading online bank

September 24, 2020

Yandex, the NASDAQ-listed Russian Internet giant, has agreed in principle with TCS group – controlled by Russian billionaire Oleg Tinkov – the acquisition of its online banking and financial services company Tinkoff. “The parties have come to an agreement in principle on a transaction that would consist of cash and share consideration worth approximately $5.48 …

After parting ways with Sberbank, Yandex plans to buy Russia’s leading online bank Read More

Russian recruitment platform HeadHunter cements $1 billion valuation

July 21, 2020

Online recruitment platform HeadHunter has sealed its position as a $1 billion tech company after a new multimillion dollar share deal confirmed the company’s soaring valuation. The new deal will see U.S. investment giant Goldman Sachs sell a 9.9% stake for $101 million, thus valuing Headhunter at just over $1 billion — a rise in the firm’s …

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While divorcing with Sberbank, Yandex raises $1 billion to finance e-commerce projects

July 9, 2020

Major changes took place in late June on the Russian e-commerce and e-payment scenes. Yandex, the Russian Internet major, and Sberbank, the state-controlled financial and technology giant, announced an agreement “to reorganize their two joint ventures” – Yandex.Market and Yandex.Money.  In plain language, this is a divorce. Yandex is to own entirely the e-commerce platform …

While divorcing with Sberbank, Yandex raises $1 billion to finance e-commerce projects Read More

Russia’s Yandex.Taxi’s IPO still on, as it struggles to stay profitable

November 12, 2020

Yandex.Taxi, the ride-hailing arm of Russian online giant Yandex, is pushing ahead with its plans to organise its highly anticipated initial public offering (IPO), while struggling to remain profitable amidst the coronavirus (COVID-19) pandemic. Earlier this month, Yandex.Taxi CEO Tigran Khudaverdyan was quoted by The Bell as saying that the company has not abandoned plans to …

Russia’s Yandex.Taxi’s IPO still on, as it struggles to stay profitable Read More

Russian video streaming platforms gain speed

March 23, 2020

As the Russian video streaming service segment is booming. The major players are securing funding and launching original content production. Last month, Russia’s largest video streaming platform, ivi.ru, said it is considering an IPO on Nasdaq by the end of this year with JP Morgan Chase underwriting the floatation, bne IntelliNews reported in February. Back in 2018, ivi.ru CEO …

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Video streaming platform ivi.ru considers NASDAQ IPO this year

February 7, 2020

After receiving a $40 million capital injection last year, Russian online video company ivi.ru has plans to go public this year, according to Kommersant. Unnamed industry sources told the business daily last week that the operation could take place on the NASDAQ by the end of this year with JP Morgan Chase underwriting the IPO.  The ivi.ru …

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Russian VC fund invests in online pharmacy as new legislation could boost the market

November 22, 2019

ExpoCapital Overseas, a division of the Moscow-based venture fund ExpoCapital, has acquired a 7.28% stake in Russian online drugstore Megapteka. Backed by ExpoBank owner Igor Kim, this fund was created in early 2018.  The Megapteka deal was reported earlier this week by business daily Kommersant based on company register information. The details of the deal were …

Russian VC fund invests in online pharmacy as new legislation could boost the market Read More

Yandex.Taxi considers IPO; self-driving business unit to spin off

November 12, 2020

Yandex.Taxi, the taxi-hailing company which merged activities in Russia and some neighboring countries with Uber last year, is considering going public through a dual-listing in Russia and the USA. The company is in talks to hire Morgan Stanley and Goldman Sachs to manage the potential IPO. “An IPO is something we are considering as we have said previously, and we work …

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Russia’s Yandex and Mail.Ru report strong growth despite ownership threats

October 28, 2019

Russia’s flagship tech companies, LSE-listed Mail.Ru Group and NASDAQ-listed Yandex, both reported strong third-quarter results amid ongoing concerns over government proposals to limit foreign ownership in Russia’s largest technology companies. With revenues and earnings up at both companies, representatives confirmed they were lobbying the government to water down the potentially damaging legislation to the two …

Russia’s Yandex and Mail.Ru report strong growth despite ownership threats Read More

Yandex shares bounce back as Russia softens foreign ownership rules

October 21, 2019

Shares in the NASDAQ-listed Russian tech giant Yandex have jumped higher on reports Russia will soften proposals to limit foreign ownership of strategically important tech firms. The government is now considering placing a 50%-minus-one cap on the number of shares that can be held by non-Russian investors — up from the 20% limit proposed in a draft …

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US stock market authority halts TON launch over $1.7 billion ICO

October 14, 2019

Late Friday, the United States Securities and Exchange Commission (SEC) announced that it is suing two offshore entities, Telegram and its wholly owned subsidiary, TON Issuer, for holding an unregistered token sale. According to the complaint filed in the federal district court in Manhattan on the same day, Telegram sold approximately 2.9 billion crypto tokens, called Grams (GRM) to 171 buyers for a …

US stock market authority halts TON launch over $1.7 billion ICO Read More

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