Russia’s Yandex, seeking funds for growth, doubles new share offering

By Nadezhda Tsydenova and Olga Popova

MOSCOW (Reuters) – Yandex <YNDX.O> has doubled the size of its new share offering to $400 million, the Russian internet giant said on Thursday, which combined with private placements will raise $1 billion to finance acquisitions and growth.

Yandex, co-founded by its Chief Executive Arkady Volozh in the 1990s, grew from a search engine to provide everything from online taxi services to food delivery, cinemas and a market place.

This week, Yandex moved to…


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