Yandex, the owner of a Russian internet search engine, has raised $1.3 billion in an initial public offering, The Wall Street Journal reports. The Moscow-based company sold 52.2 million shares at $25 each.
The company initially planned to sell the shares at $20-22 each. The offering was led by Morgan Stanley, Deutsche Bank and Goldman Sachs.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Bloomberg.