Nebius Group: AI Firm Split from Russia's Yandex Set for Volatile Nasdaq Return
7 Sources
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Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex
Oct 21 (Reuters) - Investors in Amsterdam-based Nebius Group (NBIS.O), opens new tab expect volatile trading on Monday when the AI infrastructure firm's Nasdaq listing, formerly held by Yandex, often dubbed "Russia's Google", is revived following a lengthy suspension. Trading was suspended soon
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Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex
(Reuters) - Investors in Amsterdam-based Nebius Group expect volatile trading on Monday when the AI infrastructure firm's Nasdaq listing, formerly held by Yandex, often dubbed "Russia's Google", is revived following a lengthy suspension. Trading was suspended soon after Russia's February 2022
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Nebius Group announces planned resumption of trading on Nasdaq
, a tech firm formed as a result of a spinoff of Russian IT giant Yandex' international business earlier this year, announced on that trading in the company's Class A ordinary shares is scheduled to resume on . "We are pleased to have our shares trading again on Nasdaq, which opens a new chapter
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Nebius set to resume Nasdaq trading after completing split from Russia's Yandex
(Reuters) -AI infrastructure firm Nebius Group said on Thursday its shares will resume Nasdaq trading on Monday after being halted soon after Russia's February 2022 invasion of Ukraine. At that time, the stock traded under the ticker of Russian internet giant Yandex through its Amsterdam-based
[5]
Nebius set to resume Nasdaq trading after completing split from Russia's Yandex
Oct 17 (Reuters) - AI infrastructure firm Nebius Group (NBIS.O), opens new tab said on Thursday its shares will resume Nasdaq trading on Monday after being halted soon after Russia's February 2022 invasion of Ukraine. At that time, the stock traded under the ticker of Russian internet giant Yandex
[6]
Nebius to resume Nasdaq trading after severing ties with Russia and Yandex
Nebius, the company formerly known as Yandex that's now focused on cloud infrastructure for AI uses (aka "AI compute"), is to begin trading on the public markets once again -- more than two years after the Nasdaq halted trading due to economic sanctions imposed in the wake of Russia's Ukraine
[7]
Nebius Set to Resume Nasdaq Trading After Completing Split From Russia's Yandex
(Reuters) -AI infrastructure firm Nebius Group said on Thursday its shares will resume Nasdaq trading on Monday after being halted soon after Russia's February 2022 invasion of Ukraine. At that time, the stock traded under the ticker of Russian internet giant Yandex through its Amsterdam-based
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Nebius Group, an AI infrastructure company formed from Yandex's international assets, is set to resume trading on Nasdaq after a lengthy suspension. Investors anticipate high volatility as the company positions itself in the growing AI cloud market.
Nebius Group's Nasdaq Return
Nebius Group, an Amsterdam-based AI infrastructure firm, is set to resume trading on Nasdaq on Monday, October 23, 2024, following a lengthy suspension. The company, formerly part of Russian internet giant Yandex, expects volatile trading as it re-enters the market with a focus on AI cloud services
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.Background and Split from Yandex
Trading was initially suspended shortly after Russia's invasion of Ukraine in February 2022. At that time, the stock traded under Yandex's ticker through its Amsterdam-based parent company. In July 2024, Nebius emerged following a $5.4 billion deal to split Yandex's Russian and international assets, marking the largest corporate exit since the invasion
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.New Business Focus
While Yandex once reached a market capitalization of over $30 billion, Nebius presents a different proposition. The company now targets the growing AI cloud market, with its core business involving the provision of Nvidia GPUs and AI cloud services
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.Investor Expectations
With a free float of 78.1%, mainly held by Western investors and funds, analysts predict extremely high volatility in the first few days of trading. Denis Buivolov, a personal investor in Nebius and head of research at BCS' venture capital and pre-IPO department, valued the company at $4.6 billion, or $23 per share, based on company plans and comparisons with firms such as CoreWeave, Lambda Labs, and Sacra
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.Growth Projections
Nebius anticipates sharp growth in the coming years. The company expects its revenue to grow by three to four times in 2025, reaching $500-$700 million. To support this growth, Nebius plans to invest between $600 million and $1.5 billion in capital expenditure to increase capacity at data centers in Finland, France, and North America
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.Related Stories
Management Perspective
Arkady Volozh, founder and CEO of Nebius, expressed enthusiasm about the company's new chapter as a publicly traded entity in the AI infrastructure space. He highlighted the company's strong cash position of approximately $2.4 billion and its plans to build one of the world's largest specialist AI infrastructure businesses
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.Market Implications
The resumption of trading for Nebius Group represents a significant development in the tech sector, particularly in the context of companies with Russian origins adapting to geopolitical challenges. As investors navigate the potential volatility, the market will be watching closely to see how Nebius performs as a standalone AI infrastructure player in the competitive and rapidly evolving field of artificial intelligence
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