Factbox: Russia's Yandex ups pricing of Nasdaq IPO
(Reuters) - Russian internet company Yandex raised the price guidance for its Nasdaq initial public offering on Monday, a source said, responding to strong demand following LinkedIn's blowout float last week.
Following are key facts about Yandex and its planned IPO:
* Yandex's Dutch-registered parent company Yandex NV filed with the U.S. Securities and Exchange Commission on May 9 for an IPO of 52.2 million Class A shares.
* Yandex NV is offering 15.4 million new Class A shares, and selling shareholders are offering 36,774,088 Class A shares.
* The offering was initially priced at between $20 and $22 each, but a source close to the placement told Reuters on Monday -- hours before the final price announcement -- that the guidance had been raised to $24-$25.
* Pre-money, the deal values Yandex at $7.3-$7.6 billion.
* Private equity firm Baring Vostok Capital Partners is expected to become the company's biggest shareholder after the IPO, controlling 26 percent of the voting rights.
* Trading under the symbol will begin on May 24.
* Morgan Stanley, Deutsche Bank and Goldman Sachs are leading underwriters on the offering.
* Yandex plans to use the IPO proceeds to invest in technology infrastructure, especially new servers and data centers, and for possible acquisitions of or investments in technologies, teams and businesses.
* Yandex was founded by Arkady Volozh and Ilya Segalovich in 1997 as search engine www.yandex.ru for Russian Internet users.
* It has since established businesses in Ukraine (yandex.ua), Kazakhstan (yandex.kz) and Belarus (yandex.by).
* Launched worldwide search at www.yandex.com in May 2010.
* Fund ru-Net Holdings Limited, created by Baring Vostok Capital Partners and United Financial Group, bought a 35.72 percent stake in Yandex for $5.28 million in 2000, valuing the business at just $15 million.
* Main shareholders prior to the IPO: Baring Vostok Private Equity Funds with a 24.49 percent stake, Arkady Volozh (20.27 percent), Roth Advisors (6.58 percent), International Finance Corporation (6.27 percent), Ilya Segalovich (4.24 percent).
* Main shareholders' stakes after the IPO: Baring Vostok Private Equity Funds with 25.97 percent, Arkady Volozh (19.77 percent), Roth Advisors (5.95 percent), International Finance Corporation (5.51 percent), Ilya Segalovich (4.15 percent).
* In autumn 2009, Yandex handed over a 'golden share' in its Netherlands-registered parent Yandex N.V. to Russian state bank Sberbank, giving it a right to veto any future deal that would see a single shareholder acquire a stake of more than 25 percent.
* Yandex had a 65 percent share of the Russian internet search market in March 2011, while closest rival Google controlled 21.8 percent.
* Full-year 2010 revenue rose 43.2 percent to 12.5 billion roubles (around $445 million) to U.S. Generally Accepted Accounting Principles (GAAP). First-quarter 2011 revenue stood at $137 million.
* Net profit rose to 3.8 billion roubles ($135.3 million) in 2010 from 2 billion roubles in 2009. First-quarter 2011 net profit amounted to $28.8 million.
* The number of advertisers rose by more than 40 percent in 2010, to 180,000.
* According to comScore, its monthly audience stood at 58.8 million in March.
* Based on TNS estimates, some 80 percent of Russian internet users use Yandex search.
(Compiled by Maria Kiselyova and Anastasia Teterevleva; Editing by David Hulmes)
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