Jun 30, 2008
Where Google Isn’t Goliath
International competition: In Russia, China and Korea Google faces strong competition from domestic search engines.Yandex has 44 percent of the Russian market — 10 points ahead of Google — and is now the No. 2 search outfit in Europe, according to researcher comScore. Yandex is expected to list its shares on Nasdaq this fall, fetching as much as $2 billion. That would be Russia’s largest-ever initial public offering in tech, valuing the company at around $5 billion. Although Yandex declined to comment about the listing, analysts and investors are expecting a blockbuster. “This IPO should be very popular,” especially among investors eager to tap into Russia’s Internet market, says Konstantin Belov, an analyst at Uralsib, a Moscow bank.
Tags: Array, Belov, Blockbuster, China, Europe, Goliath, Google, Initial Public Offering, International Competition, Internet Market, Investors, Ipo, Konstantin, Korea, Moscow, Nasdaq, Researcher, Russia, Russian Market, Search Engines, Technology, Yandex
English
Chinese
German
Spanish
French
Italian
Japanese
Portuguese
Russian
No Comments, Comment or Ping
Reply to “Where Google Isn’t Goliath”
You must be logged in to post a comment.