Tuesday
May242011
IPO Market Heating Up
Tuesday, May 24, 2011 at 04:53PM It was just less than a week ago that the IPO of LinkedIn (LNKD) nearly reached the top of the list in terms of best performing IPOs on their first day of trading in the current bull market (shown below). Today, it was Yandex's (YNDX) turn. Often described as the Google (GOOG) of Russia, YNDX has now edged out Vera Bradley (VRA) for the last spot on the list.
One of the more intriguing aspects of YNDX is that it allows US investors to get a direct investment into a Russian company. There are only a handful of Russian companies that trade in the US as ADRs, whereas a country like China has hundreds of ADRs that trade in the US.
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