Russian Search Company Yandex Soars 40% in Nasdaq Debut; Huge Win for PE Firm Baring Vostok

(Reuters) - Shares of Russian Internet company Yandex NV (Nasdaq: YNDX) surged more than 40 percent in their debut on Tuesday, in the largest U.S. initial public offering in the Internet sector since Google Inc. Shares were up 40 percent at $35, after pricing at $25. (Shares were trading at $35.38 as of 1:18 p.m. EST. - peHUB Ed.) Co-founders Arkady Volozh, 47, and Ilya Segalovich, 46, said the IPO was just the beginning for Yandex, which is eyeing international expansion. "Russia deserves to have a technology company of a global level," CEO Volozh told Reuters in an interview conducted in Russian. "We're working toward that happening. Volozh said the company's success was a demonstration that Russia is

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