' Yandex ' will fall on the stock exchange

Search engine ' Yandex ' decided to play a game of high stakes ' a la Google'. The company intends to hold an IPO on NASDAQ in the autumn of this year. Accommodation can become the third largest by assets under management in the history of the stock exchange release of Russian companies ICT sector.

' Yandex ' at the end of 2007, signed an agreement with the banks, Morgan Stanley, Deutsche Bank and Renaissance Capital. The newspaper ... Accommodation can be done within 135 days from the date of the last report, to be held in April.

... Thus, the search engine revenues increased by 130% to $ 167 million. The growth of the Russian Internet advertising market, according to company MindShare Interaction, was 96 % ($ 360 million ).

Head of Press Service ' Yandex ' Michael Ushakov, declined to comment, but to refute the information on the agreement with the banks did not.

What is the price ' Yandex '.

IPO ' Yandex ' may become third by assets under management in the history of Russian companies' IPOs ICT sector. The largest deployment of the companies in this sphere in February 2005, the AFC held a ' system ', selling shares for $ 1.5 billion, ' Comstar ' in February 2006 placed the shares for $ 1.2 billion.

According to the estimates of analysts ' Kommersant ', ' Yandex ' may qualify for capitalization of $ 3 billion and the amount of gain for the standard 15-20 % $ 450-600 million. Although there are opinions that it can be higher. ' Yandex ', as calculated by the global research firm ComScore, in December last year for the first time was in the top 10 ( ninth place ), the largest search engines around the world in terms of requests.

The capitalization of the Chinese search engine Baidu. com, which in December, ComScore rankings was in third place on the NASDAQ more than $ 9 billion. The company's revenue in fiscal 2007 was $ 239.1 million and net profit - $ 86.2 million.

' Yandex ' IPO will lead to the CFO STS Media.

Y ' Yandex ' has all the chances to emerge victorious from this difficult game and make a successful placement. In addition, the company is developing dynamically and works in a fast- growing sector of the economy, its output to the stock exchange will Nilesh Lakhani. Until December last year, he served as CFO STS Media, which became the first Russian media company in the field of NASDAQ trading.

Despite the fact that the STS Media conducted an IPO in the period of the collapse of the Russian securities market ( road show began in May 2006 ), the company sold its 16.4% stake for $ 346 million.
On the day of placement of June 1 stocks were worth $ 14. By the end of November the cost has increased by 60%.

rb. ru.