Capital markets

Ulmart confirms IPO plans in 2016, considers private equity deal in late 2015

February 17, 2016

Earlier this month Ulmart, Russia’s leading e-commerce company, announced several new steps towards its planned IPO. JPMorgan and UBS have been appointed to prepare the operation, which may take place in spring next year, according to Ulmart chairman Dmitry Kostygin. The online retailer considers floating 15% of new shares on the London Stock Exchange, Kostygin told …

Ulmart confirms IPO plans in 2016, considers private equity deal in late 2015 Read More

Yandex jumps 13% as EU and Google scuffle

February 25, 2016

With the European Commission’s antitrust complaint against Google, Russia’s home advantage in Internet search is evident. Shares of Yandex, Russia’s largest Internet search provider,  were up nearly 13% in the last half hour of U.S. trading, while shares of its smaller Russian competitor Mail.ru Group were down 1.7%. Google stock rose 0.6%.

Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO”

February 25, 2016

Starting from scratch in 2008, Ulmart took just five years to assert itself as the leading Russian e-commerce site, generating $1.3 billion in revenues last year in a domestic market that reached or exceeded $17 billion. In spite of the current economic downturn in Russia, Ulmart expects continued growth this year and considers a Western …

Ulmart founder and CEO Sergey Fedorinov: “The context might change for the better before our potential IPO” Read More

Yandex and CTC Media sink to record as Goldman says sell

January 21, 2015

Yandex NV (YNDX) sank to a record in New York after Goldman Sachs Group Inc. cut the stock to sell, forecasting a 31 percent drop in the Russian Internet company’s earnings this year as a weaker ruble dissuades advertisers from increasing spending. The shares slumped 8.7 percent in New York to $16.41, the lowest since the company’s U.S. …

Yandex and CTC Media sink to record as Goldman says sell Read More

Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016

March 1, 2016

Ulmart, Russia’s leading e-commerce company, confirmed today its plan to go public next year in a yet-to-be-determined Western stock exchange, the company’s chairman and co-owner Dmitry Kostygin told Russian business daily RBC. Ulmart is thus considering raising $1 billion or more in exchange for 25% of the company’s shares. Advisers for the IPO could be …

Russian e-commerce leader Ulmart reports 50% sales increase in 2014, plans IPO in 2016 Read More

Mail.Ru Group, QIWI, Yandex stocks plummet as only Luxoft stands tall on Western exchanges

March 1, 2016

Several key Russian tech companies are listed on Western stock exchanges. Among them are software development and service company Luxoft (NASDAQ: LXFT); Mail.ru Group (LSE: MAIL), the owner of Russia’s leading social network Vkontakte and of a range of other Internet properties; mobile operator MegaFon (LSE: MFON); payment operator QIWI (NASDAQ: QIWI); and Yandex (NASDAQ: …

Mail.Ru Group, QIWI, Yandex stocks plummet as only Luxoft stands tall on Western exchanges Read More

Yandex announces Q3 2014 financial results

October 23, 2014

Amsterdam and Moscow – Yandex (Nasdaq:YNDX), one of Europe’s largest internet companies and the leading search provider in Russia, today announced its financial results for the third quarter ended September 30, 2014. “Q3 was another strong quarter notable for an acceleration in growth of our owned and operated properties and excellent cost control,” said Arkady Volozh, …

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Russian pension funds to invest $1 billion in venture funds and innovative companies

December 26, 2018

In a confirmation of the country’s commitment to developing new technologies, the Russian government announced that a fraction of the total assets of the country’s pension savings funds will be invested in the shares of venture capital funds, as well as in securities and the financial instruments of high-tech companies. Prime Minister Dmitry Medvedev has …

Russian pension funds to invest $1 billion in venture funds and innovative companies Read More

Russia’s Quadro Capital Partners and Forex Club to invest $200 million in international online trading

August 22, 2014

Earlier this week Russian venture fund Quadro Capital Partners (FXC-QCP VC) and online trading service provider Forex Club announced investment plans in the field of Internet trading on the international stock market. The target geography includes Russia, Ukraine, other states of the former Soviet Union, and Europe. The total volume of investments could reach up to $200 million, a Forex Club …

Russia’s Quadro Capital Partners and Forex Club to invest $200 million in international online trading Read More

Russian publishing company T8 raises funds and prepares for IPO to finance ambitious print-on-demand project

August 7, 2014

Moscow-based company T8 Publishing Technologies is planning to invest no less than 6 billion rubles (approximately $170 million) in an ambitious print-on-demand project, the Moscow authorities announced last week. The company claims it has acquired rare printing equipment that, combined with a special electronic publication platform, enables profitable printing of any quantity of copies – …

Russian publishing company T8 raises funds and prepares for IPO to finance ambitious print-on-demand project Read More

How Russian hackers stole the Nasdaq

July 18, 2014

In October 2010, a Federal Bureau of Investigation system monitoring U.S. Internet traffic picked up an alert. The signal was coming from Nasdaq (NDAQ). It looked like malware had snuck into the company’s central servers. There were indications that the intruder was not a kid somewhere, but the intelligence agency of another country. More troubling still: When …

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