Yandex N. V. – leading internet company - held a secondary public offer of its class A shares amounted USD 607 million. The shares were offered by existing shareholders BC&B Holdings B.V., Belka Holdings Limited, Ilya Segalovich and Emerald Trust. The offering was followed by a share repurchase program.
ALRUD acted as Russian legal counsel to the underwriters Morgan Stanley & Co. Incorporated, Deutsche Bank Securities Inc. and Goldman, Sachs & Co. ALRUD project team was led by Partner Vassily Rudomino and comprised Anna Volgina (Senior Associate), German Zakharov (Associate), Ekaterina Kitanina (Associate), Anastasia Petrova (Senior Attorney), and Alla Gorbushina (Attorney). ALRUD lawyers also supported underwriters during a US$ 1.4 bln. IPO of shares of Yandex N.V. on NASDAQ in May 2011.