The Voice of Online Marketing | MEDIA KIT | NEWS TIPS
The latest practical news and developments at the intersection of search, email,
social media, mobile marketing, web analytics, online advertising, ecommerce and more.
Marketing News on Twitter Interactive marketing RSS newsfeed
Advertisement
Advertisement
MARKETING JOBS

Yandex Abstains from NASDAQ IPO ’til 2009


Let's wait awhile

Russian search engine Yandex has decided to withhold its planned fall IPO until 2009, reports Profy.

Official reasons were not explained, but Profy, which gleaned its report from Russian news source GZT, pointed out that the Russia-Georgian conflict, coupled with an unfavorable IPO market, made waiting seem wise. Mail.ru, another major portal and search site in Russia, also opted to delay its London IPO until 2009.

Yandex's $2 billion IPO on the NASDAQ would have valued the company at $5 billion. Silicon Alley Insider, which valued it at $3 billion earlier this year, pegged it No. 6 in its list of the top 25 most valuable companies in the world.

Search

Related Topics

Advertisement
Related stories:

Subscribe to MarketingVOX|News

Latest interactive marketing news Latest media planning news & facts Latest marketing data & research