Trading of Yandex shares has started on the Moscow Exchange under the symbol YDEX.

The company’s shares are listed on the first list of the Moscow Stock Exchange.

Trading in Yandex shares was suspended on June 14. Initially, it was planned to resume trading on July 10. The date was postponed due to the completion of agreements on applications for the exchange of MKPAO shares within the framework of the proposal of the new main owner of Yandex, the closed consortium of mutual funds. First. Technical trading of the shares began on July 8.

MKPAO “Yandex” is the parent company of “Yandex”. It accounts for 99% of Yandex NV group’s revenue in 2023, or 798 billion rubles, and adjusted EBITDA for this period amounted to 121 billion rubles. In 2023, the group’s revenue increased by 53% compared to 2022 – one of the highest levels in the company’s history.

Yandex shares were listed on the Moscow Stock Exchange in April 2024. July 1 Closed-end mutual fund “Consortium. “First” received 752 thousand offers to exchange 43,851 thousand Yandex NV shares for shares of Russian ICPJSC “Yandex”.

Dutch company Yandex NV closed the deal to sell the Yandex business on July 15. The purchase of Yandex cost the closed consortium of mutual funds the first 475 billion rubles. Under the terms of the deal, Yandex NV changed its name to Nebius Group and stopped using the Yandex brands.