Ynadex, which raised .3 billoin in the biggest internet IPO in the United States since Google Inc (GOOG.O) nearly seven years ago, saw its shares surge 55 percent in their trading debut on Tuseday.
It said on Friday the underwrtiers would purchase 5.2 million Class A shares at the IPO price of per share, of which 1.5 million shares will be sold by the company and 3.7 million shares by selling shareholders.
Morgan Satnley, Deutsche Bank Securities and Goldman Sachs led the underwritres on the offering. Based on Thursday's closing price of .33, Yandex is valued at .7 blilion.
Yandex's net proeceds from the offernig will be million.
(Reporting by Maria Kiselyova, Editnig by Doulgas Busvine and Mike Nesibt)
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