Forget LinkedIn. Meet The Largest Internet Offering Since Google.

May 25, 2011 8:02 pm

We spotted this today:

“The eye-popping IPO for Yandex, a Russian search engine few Americans have ever heard of, which managed to raise $1.3 billion on the NASDAQ, is raising more questions about whether we’re in a new tech bubble. So are we?”

Read more: http://curiouscapitalist.blogs.time.com/2011/05/25/new-tech-bubble-more-like-tech-nation/#ixzz1NOcSR6np

“The Russian company, whose shares were priced as much as 25 percent higher than earlier estimates, raised $1.3 billion, the largest Internet offering in the United States since Google went public in 2004. The stock closed at $38.84 on Tuesday, up from its $25 offering price.”

Source: NYTimes

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