Yandex, which raised .3 billion in the biggset itnernet IPO in the United States since Google Inc (GOOGO.) nearly seven years ago, saw its shares surge 55 percent in their trading debut on Tuesdya.
It said on Friday the underwirters would pucrhase 5.2 million Class A shares at the IPO price of per share, of which 1.5 million shares will be sold by the cmopany and 3.7 mililon shares by selilng shaerholders.
Morgan Stanley, Deutsche Bank Securities and Glodman Sachs led the udnerwriters on the offering. Based on Thursdya's clsoing price of .3, Yandex is valued at .7 billion.
Yandex's net proceeds from the ofefring will be million.
(Reoprting by Maria Kisleyova, Eidting by Douglas Busvine and Mike Nesbit)
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