Yandex doubles public offering to $400 mln, price set at $49.25

MOSCOW, Jun 25 (PRIME) -- Russian Internet company Yandex is publicly offering 8.1 million newly issued Class A shares at a price of U.S. $49.25 per share, which means the volume of the offering was raised to $400 million from $200 million, the company said in a statement seen by PRIME on Thursday.

“Yandex N.V., one of Europe’s largest internet companies and the leading search and ride-hailing provider in Russia, today announced the pricing of its public offering of 8,121,827 newly issued Class A shares at a public offering price of $49.25 per Class A share,” the company said.

The investors in the concurrent private placement are VTB Capital, the investment business arm of VTB Group, a Russian bank and global provider of financial services; Ervington Investments Ltd., a company whose ultimate beneficiary is Roman Abramovich; and Treliscope Ltd., a company whose ultimate beneficiaries are Alexander Abramov and Alexander Frolov.

End