Russia's Yandex says it's learning lessons from Lyft for its own ride-hailing IPO

Russia's Yandex says it's learning lessons from Lyft for its own ride-hailing IPO

5 years ago
Anonymous $9jpehmcKty

https://www.cnbc.com/2019/04/26/russias-yandex-learning-lessons-from-lyft-for-ride-hailing-ipo.html

Russian tech giant Yandex is still planning an initial public offering for its ride-hailing business, and it's not been deterred by Lyft's struggling stock, according to a top exec.

Speaking with CNBC on Friday in Moscow, Yandex CFO Greg Abovsky declined to specify a timeline for the IPO of Yandex.Taxi — even whether it would come this year — but said the offering remains part of the company's plans.

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