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Russia's Yandex Offered at Double Google Value as Ads Surge

Yandex NV, the owner of Russia ’s most popular Internet search engine, is offering shares at about twice the price of Google Inc. relative to earnings.

The Moscow-based company, which has almost triple Google’s market share in Russia, plans to sell shares at a price equivalent to at least 23 times next year’s earnings, said two people involved in the sale who declined to be identified until the deal is announced. Google trades at 13 times expected 2012 earnings.

Underwriters stopped taking investor orders for Yandex shares on May 20, rather than this week as planned, because of surging demand for Internet IPOs, said two other people with knowledge of the matter. The initial public offering in the U.S. may raise more than $1.26 billion, making it the world’s biggest technology IPO this year, after two people with knowledge of the transaction said the shares may be priced above the company’s original range.

“It’s a bit scary to pay such multiples, but if that’s how the market values it, that’s how much it’s worth,” said Dmitri Kryukov, founder of Moscow-based Verno Capital, which has about $150 million under management and is seeking to buy Yandex shares. “This is a good, fast-growing company.”

Yandex is likely to set a price at or above $24 a share, said the people who declined to be identified before an official announcement. The Moscow-based company was selling 52.2 million shares for $20 to $22 apiece. It will list on the Nasdaq Stock Market under the symbol YNDX. At $24 a share, Yandex would be valued at $7.71 billion.

The sale comes less than a week after Mountain View, California-based LinkedIn Corp. raised $352.8 million, pricing its IPO at top end of the range proposed to investors.

Yandex’s profit jumped 62 percent to 820 million rubles ($29 million) in the first quarter from a year earlier, as sales climbed 65 percent to 3.89 billion rubles, according to the company’s prospectus.

Stock Brokerage - Which is the best/cheap online stock broker ...

They are all good reputable firms.

The best is not always the cheapest.

Zecco is probably cheaper that the others, will more readily accept low priced securities

E-Trade & Scottrade are both excellant firms. both are geared to traders and investors. Of the two, I think Scottrade has the better trading platform but e-trade may have the better option platform

TDameritrade enjoy a great reputation, excellent for the average investor.

If you’re a trader you can go with Zecco, Scottrade or E-trade

Picking a broker yields a lot of homers for the one they are currently using. I have been investing for 10 years and I have tried all 3 of those. Seriously though, how many people actually use the research they offer? Is it any different that what you can find on yahoo or MSN?

When I buy stocks my #1 objective is to make the most money I can. Anything else is a bonus but #1 is make money. I don’t need anything fancy, I just need something that can get it done. Even though I don’t trade too much, I don’t like the idea that even with scottrade, I am giving them $14 for a round tripper.

SO I move to the cheapest broker because I hate getting ripped off. I am with Zecco and I have more than $2500 in there so I get 10 free trades a month. Even if I didn’t have the equity needed, I still would be paying $4.50 a trade.

That is just my opinion since I don’t pay for anything extra. I just want something that gets the job done with the least amount of negaitve impact to my portfolio.

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