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Investors In Yandex To Sell Shares Up To $607 Million

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Msg#: 4554433 posted 10:00 pm on Mar 13, 2013 (gmt 0)

Yandex NV (YNDX) founders Arkady Volozh and Ilya Segalovich and shareholders including Baring Vostok Capital Partners plan to sell as much as $607 million worth of stock as the growth of Russia’s largest Web-search engine slows.

They are offering investors 24.3 million shares, including 18.2 million from Baring Vostok and 5.1 million from Chief Executive Officer Volozh, according to a regulatory filing. Chief Technology Officer Segalovich is selling 0.2 million shares. Combined, the shares represent 7.4 percent of the company. Investrors In Yandex To Sell Shares To $607 Million [bloomberg.com]



Msg#: 4554433 posted 9:37 am on Jun 22, 2013 (gmt 0)

dont do this you dumb dumbs google is going down! the only way is up at the moment for yandex!

Russians obviously wont be going to google not after the spying thing!

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