Yandex, which raised $1.3 billion in the biggest internet IPO in the United States since Google Inc
It said on Friday the underwriters would purchase 5.2 million Class A shares at the IPO price of $25 per share, of which 1.5 million shares will be sold by the company and 3.7 million shares by selling shareholders.
Morgan Stanley, Deutsche Bank Securities and Goldman Sachs led the underwriters on the offering. Based on Thursday's closing price of $33.33, Yandex is valued at $10.7 billion.
Yandex's net proceeds from the offering will be $399 million.
(Reporting by Maria Kiselyova, Editing by Douglas Busvine and Mike Nesbit)