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Message
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Posted on 5/24/11 at 4:21 pm to kfizzle85
quote:
After pricing its IPO at $25 per share a few hours before the market opened, the Russian search giant’s share price jumped close to 40% immediately after its flotation.
The price per share opened this morning at $35, giving Yandex a market cap of roughly $11.2 billion at its debut. That means its value currently far surpasses that of LinkedIn, which went public last week (successfully, too).
Two in a row!
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