Shares in Russian tech giant Yandex have plummeted after reports the Kremlin is backing plans to limit the stakes of foreign owners in Russian “online information resources.” Yandex shares fell by 17% in the first minutes of trading on the Nasdaq exchange in New York on Friday, wiping more than $1 billion from the company’s …
Yandex shares plummet as Russia considers limits on foreign ownership Read More
Tinkoff Investments brokerage platform launches Open API (application programming interface) for algorithmic traders, enabling them to create robots and set up automatic trading. The new solution gives algorithmic traders a unified API and a single brokerage account for trading securities on the largest global stock exchanges. The users no longer need a separate trading account for …
Tinkoff Investments launches Open API for algorithmic traders Read More
Delimobil, a leading car-sharing company in Russia, is seeking to raise at least $60 million, according to Russian business daily Kommersant. The company, of which 77% is owned by Luxembourg-based holding Mikro Kapital Group, has hired Rothschild & Co to help them secure the deal. According to Kommersant’s unnamed sources, Delimobil intends to claim a $300 …
Car-sharing company Delimobil seeks massive capital injection before potential IPO Read More
This past Friday Russian lawmaker Anton Gorelkin submitted to the State Duma, the lower house of parliament, a bill targeting “significant [online] information resources” with the capacity of “collecting information on [Russian] users.” Should their foreign ownership exceed 20%, such “information resources” will not be allowed to conduct advertising activities in Russia – an implicit way …
Russian online retailer Ozon may consider an initial public offering (IPO) in two years once it has increased its share of the Russian e-commerce market, boosted sales growth and improved infrastructure, its chief executive Alexander Shulgin said. Speaking on the sidelines of the St Petersburg economic forum, Alexander Shulgin said Ozon currently has a no …
Yesterday Moscow-based HeadHunter Group, a leading online job recruitment platform in Russia, raised $220 million on the NASDAQ by offering 16.3 million American Depository Receipts (ADRs) at $13.50, the upper range of the price guidance. At the close of the first day, HeadHunter Group raised its market capitalization to $787.5 million as the price for its …
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 …
Since late 2017, OppenheimerFunds, a family of major investment funds, has invested again in NASDAQ-listed Yandex, according to the latest filing submitted to the US Securities and Exchange Commission. The US investment firm reportedly boosted its stake in the Russian company from 1.8% to 6.41% or 18.365 million shares as of December 31, 2018. Yandex stock is …
Giant US investment firm OppenheimerFunds invested again in Yandex in 2017 and 2018 Read More
Earlier this week DXC Technology and Luxoft, two major, NYSE-listed IT service providers, announced a definitive agreement for DXC to acquire Luxoft. At $59.00 per share in cash, the deal represents a total equity value of approximately $2 billion, according to the press release. Still subject to customary conditions and regulatory approvals, the transaction is expected to …
US-based IT giant DXC to acquire Russian-founded Luxoft for $2 billion Read More
Last week Singapore-based cryptocurrency exchange Huobi officially launched its first branch in Russia. The new exchange, dubbed Huobi Russia, is established in partnership with the state-owned Vnesheconombank (VEB) Digital Transformation Center and supported by Huobi’s regional exchange partnership program, Huobi Cloud. The Center of Digital Transformation was created by VEB to promote blockchain. Back in September …
Huobi opens Russian office in partnership with state bank Read More
Sberbank, Russia’s largest banking institution, and Interros Group, a Moscow-based private equity firm, have carried out an over-the-counter OTC foreign exchange repurchase agreement (repo) transaction employing smart contracts on a blockchain, Reuters Russia reported last week. Head of global markets department and vice president at Sberbank, Andrei Shemetov, informed Reuters that the transaction is real, legally binding, and has been “concluded in electronic format using a …
Sberbank and Interros Group conclude blockchain-based forex repo deal Read More
Sberbank, Russia’s leading banking institution, has reportedly approached Yandex founder Arkady Volozh regarding the potential acquisition of a controlling stake in the Russian search company. Yandex is listed on both the Moscow exchange and the NASDAQ. The state-controlled bank would consider the acquisition of an at least 30% stake, Russian business publications Vedomosti and The Bell reported yesterday, …
