Yandex N.V. (YNDX) IPO Prices at $25, Well Above Expected Range

Russia's most popular search engine, Yandex N.V. (Nasdaq: YNDX) priced its 52,174,088 share initial public offering at $25 per share, well above the expected $20 - $22 per share range. Yandex N.V. will open later today on the Nasdaq Global Market under the ticker "YNDX."

The offering is being made through Morgan Stanley, Deutsche Bank, Goldman Sachs, Piper Jaffray, and Pacific Credt Securities.

Yandex is the leading internet company in Russia, operating the most popular search engine and the most visited website.

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