Yandex instance of public company
Yandex LLC (Russian: Яндекс, tr. Yandeks, IPA: [ˈjandəks]) is a Russian multinational technology company providing Internet-related products and services, including an Internet search engine, information services, e-commerce, transportation, maps and navigation, mobile applications, and online advertising. It primarily serves audiences in Russia and the Commonwealth of Independent States of the former Soviet Union, and has more than 30 offices worldwide.The firm is the largest technology company in Russia and the second largest search engine on the Internet in Russian, with a market share of over 58%. It is also the second largest search engine in Turkey, Belarus, China, Uzbekistan, Tajikistan, North Korea, Kyrgyzstan, Kazakhstan, Ukraine & Armenia with a market share of over 26%, 24.7%, 21.81%, 18.6%, 17.16%, 15%, 11.6%, 9.4%, 7.9% & 7.2%, respectively. It has the largest market share of any search engine from Europe and the Commonwealth of Independent States and is the 3rd largest search engine worldwide after Google, Bing. Its main competitors on the Russian market are Google, VK, and Rambler.
Yandex LLC's holding company, Yandex N.V., is a naamloze vennootschap (Dutch public limited company) with its head office listed at an address of a virtual office in Amsterdam's Schiphol Airport. Yandex N.V. is listed on Nasdaq and has a secondary listing on the Moscow Exchange.Finances
The company became profitable in November 2002. In 2004, Yandex sales increased to $17 million, up 1000% in 2 years. The net income of the company in 2004 was $7 million. In June 2006, the weekly revenue of Yandex.Direct context ads system exceeded $1 million. The company's accounting has been audited by Deloitte since 1999.
On May 24, 2011, it raised $1.3 billion in an initial public offering on NASDAQ, the biggest initial public offering for a dot-com company since Google's offering in 2004. Among the largest investors were Baring Vostok Capital Partners, which owned a 30% stake, and Tiger Management, which owned a 15% stake.In 2013, Yandex became the largest media property in Russia by revenue.
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