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Stock impact report

The curious case of Nebius, the publicly traded AI infrastructure 'startup' [Yahoo! Finance]

Nebius Group N.V. - Class A Ordinary Shares (NBIS) 
Company Research Source: Yahoo! Finance
Casual observers could be forgiven for wondering where this company had come from, as there had been little in the way of the usual fanfare that surrounds most startups' journey to IPO — no roadshows; no horn tootin'; no confetti-laden ceremonies; nothing, not a peep. That's because Nebius is an unusual beast: a public company, but a startup in just about every sense of the word. Nebius has actually been public for 13 years, floating in May 2011 as Yandex N.V. — the Dutch holding company of Russian internet giant Yandex (often dubbed the "Google of Russia"). At the tail end of 2021, Yandex N.V. hit a peak valuation of $31 billion, but in the wake of Russia's invasion of Ukraine in early 2022, everything changed. Nasdaq halted trading in Yandex N.V. shares that February due to sanctions imposed on Russian-affiliated companies, and a year later Nasdaq said it would delist Yandex altogether . But Yandex successfully appealed on the basis that it was restructuring -- a process that wou Show less Read more
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