Yandex. Internet Hunger on NASDAQ
Another large Internet company is going public at a value of 18 times their profits and, despite that, jumped 55% in their NASDAQ debut.
Yandex, the Russian Google, captured American investors and institutional investment funds and is achieving a level of success comparable to Linkedin.
It is clear that investors -at least outside of Spain- understand that many 21st Century companies will be Internet companies and they don't want to miss the show, even with cost-prohibitive tickets.
As I have already explained, this doesn't happen all the time for the Internet, but it centers on those companies whose IPO (Initial Public Offering) is about to come together.
