Moscow Times
Shares in Russian search engine Yandex had a rollercoaster first day on the Moscow stock exchange, rising in early trading to exceed the company’s New York share price by 36 percent before dropping back 25 percent by the day’s end.
After 35 minutes of trading in Moscow on Wednesday, shares in the company — whose 60 percent share in Russia’s search engine market blows Google’s 27 percent out of the water — were worth 1,549 rubles ($44), according to Vedomosti, while on the Nasdaq exchange in New York they had ended the previous day’s trading at $32.4 each.
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