Mother Russia's Google

Jun 12th

Russia's 'Google' aims for London share listing

Russia's leading internet portal floats on the Alternative Investment Market on Wednesday in a stock market debut that will value the company at more than $150 million.

Rambler Media - the closest the country has to Google - hopes to become the latest in a series of sought-after Russian stocks listing in London. It plans to offer 3.9 million shares priced at $10.25, and use the $40m raised to help it take advantage of Russia's rapid increase in internet usage.

Interesting that many Russian companies are floating stock in other countries, and it shows how important a stable currency and political structure are.

I am not sure what the search engine distribution breakdown is like over in Siberia, but a friend told me that its fookin cold there.

Published: June 12, 2005

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Comments

sergei
September 3, 2007 - 4:37pm

I wouldn't trust Rambler Media as much as it says in the article. The number one SE in Russia is still Yandex.ru and rambler isn't anywhere close to how popular Yandex is.

Apart from google.ru - mail.ru search service is getting more popular. Though there's one fact that needs to be considered - mail.ru exactly displays Yandex's results

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