May 24 2011
Russian Google Yandex IPO jumps 35% @yandex

Yandex

Russian Internet company Yandex technology sector company Tuesday as the market reacted positively to the company’s initial public offering. Yandex

Shares of Yandex often called the “Google of Russia, ” rose almost 35% to $33.35 a share after setting its IPO price late Monday at $25 a share.

Yandex

We are the leading internet company in Russia, operating the most popular search engine and the most visited website. In 2010, we generated 64% of all search traffic in Russia and were the largest Russian internet company by revenue. In March 2011, our yandex.ru website attracted 38.3 million unique visitors. We also operate in Ukraine, Kazakhstan and Belarus. Our mission is to answer any question internet users may have. To that end, we utilize our capabilities in applied mathematics and data analysis and our in-depth knowledge of the languages, cultures and preferences of internet users in our markets to develop advanced search technology and information retrieval services. We also aggregate and organize extensive local, national and international content and offer a broad range of additional services. Our search and many of our services are location-based and are available in versions tailored for mobile and other digital platforms and devices.

Yandex provides users with highly targeted sophisticated web search service based on world-class technologies such as proprietary machine-learning method MatrixNet.

Yandex.com is a multinational search engine that was spawned as the company’s global search beta designed for honing and tweaking its algorithms based on query statistics and user feedback.

Yandex.com has an answer for anyone looking for relevant information in any language based on the Latin alphabet.

We keep working on our algorithms, and you could help us greatly by sending your feedback at support@search.yandex.com.

To read more about who we are and what we do, please visit company.yandex.com.

Browse through the webmaster tips section to learn about our robots, crawling and indexing routines.

 

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