Russian Internet Co. Yandex Prices IPO

Russian Internet company Yandex announced Tuesday the pricing of its Nasdaq initial public offering at $25 per share. Yandex’s $1.3 billion IPO is higher than expected, after the company priced the offer at the top end of a revised range. Yandex is backed by private equity firm Baring Vostock, which owns roughly 40% of the company. The Class A ordinary shares will begin trading today under the symbol "YNDX."

DealsNorth AmericaUSBriefs