Yandex, Russia's leading online search engine, raised $1.3 billion (19% more than originally planned) on Monday by offering 52.2 million shares at $25, above the $20 to $22 price range. On Monday, the company increased the pricing expectations for its IPO to $24-$25 in response to strong institutional demand. Yandex plans to list on the NASDAQ under the symbol YNDX. Morgan Stanley, Deutsche Bank Securities, and Goldman, Sachs & Co. acted as lead managers on the deal.
