Russia's Yandex confirms IPO price at $25/share

By @ibtimes on

Russia's most popular search engine Yandex said on Tuesday its Nasdaq initial public offering priced at $25 per share, confirming earlier Reuters report.

The company will start trading under the symbol later on Tuesday.

Yandex raised $1.3 billion in the IPO, more than expected, after pricing the offer at the top end of a revised range, a source told Reuters on Monday.

(Reporting by Maria Kiselyova; editing by Douglas Busvine)

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