"Yandex" attracted $1.3 billion in IPO on the Nasdaq

During the initial public offering (IPO) on Nasdaq National Market Yandex NV (the parent company of the Russian Internet searcher Yandex) has attracted $1.3 billion, Reuters reported, citing a source close to the offering.

The placement price was $ 25 per security. Investors purchased from the company and its shareholders 52.2 million shares of "A" Class.