SalesPredict rakes in $4.1 mln

SalesPredict has raised $4.1 million in Series A funding. The investors included Yandex and KGC Capital. Headquartered outside Tel Aviv with an office in San Francisco, SalesPredict helps B2B firms increase revenues using predictive analytics.

Facebook Buys Face.com

Listed, California-based social network Facebook is acquiring Face.com, according to a blog post at the company’s site. Backers of Face.com include Yandex. Website Techcrunch earlier reported the news of the deal, rumored to be for $100 million. STATEMENT: Facebook has acquired Face.com! Our mission is and has always been to find new and exciting ways […]

Slideshow: 75% of VC-Backed IPOs Rebound in Broad Market Upturn

A day after getting beaten down with the rest of the market, three-fourths of this year’s VC-backed IPOs posted gains in today’s market rebound.

Of the 38 VC-backed companies that have gone public on U.S. exchanges this year, 28 saw their share prices increase today, while nine experienced declines and one remained flat, according to data from Thomson Reuters (publisher of peHUB). That stands in stark contrast to yesterday, when 36 of the stocks lost value and two remained flat.

The biggest gainers in terms of dollars were LinkedIn (NYSE: LNKD), which shot up

Venture-Backed IPOs Gained Strength in Q2

(Reuters) – Venture-backed IPOs saw their strongest quarter since 2000 with offerings valued at $5.5 billion coming to the market in the second quarter of 2011, according to an exit poll by Thomson Reuters (publisher of peHUB) and the National Venture Capital Association (NVCA). (See table below.)

The number of M&As also returned to 2009 levels, with the second quarter seeing 79 venture-backed M&As, 36 of which had an aggregate deal value of $5.4 billion.

For the first half of the year, VC-backed IPOs are up significantly from

Pandora IPO to Price Later Today, Offering Generating Huge Demand–UPDATED

Pandora is expected to price its IPO later today.

Oakland, Calif.-based Pandora, which provides a Web radio service, will likely begin trading Wednesday on the NYSE, and is expected to trade under the symbol “P,” an unexpected move because only market bellwethers tend to use single-letter ticker symbols.

John Fitzgibbon, publisher of IPO Scoop.com, says Pandora is generating huge demand, despite the fact that so many have condemned the company. The deal is 10 times oversubscribed, he says…

Analysis: Soaring IPOs Raise Bubble Concerns

(Reuters) – The frothy market for Internet IPOs is raising the specter of a bubble, underscoring how little has changed despite lawsuits and investigations in the wake of the 1990s dot-com craze. In the past five weeks, investors clamoring for newly public Internet companies have driven up shares of career networking site LinkedIn Corp and […]

Recipe for Yandex’s Successful IPO: Genius, Nerve, Patience

(Reuters) – Take a helping of Russian genius, add a portion of risk appetite and stir in a lot of patience, and you have the recipe for the resounding success of search engine Yandex’s (Nasdaq: YNDX) U.S. stock market float.

The Nasdaq listing values Russia’s leading internet search engine at $8 billion, an eye-popping 500 times its worth when private equity investors bought into the company in 2000. (See details of IPO here.)

That year the business, founded in 1997 by mathematician Arkady Volozh and geophysicist Ilya Segalovich, had revenues of just $72,000 and lost $2 million.

Eyeing a long-term prospect, Yelena Ivashentseva of private equity fund Baring Vostok Capital Partners put together an investor group that bought a 36 percent stake in Yandex for just over

Russian Search Company Yandex Soars 40% in Nasdaq Debut; Huge Win for PE Firm Baring Vostok

(Reuters) – Shares of Russian Internet company Yandex NV (Nasdaq: YNDX) surged more than 40 percent in their debut on Tuesday, in the largest U.S. initial public offering in the Internet sector since Google Inc.

Shares were up 40 percent at $35, after pricing at $25. (Shares were trading at $35.38 as of 1:18 p.m. EST. – peHUB Ed.)

Co-founders Arkady Volozh, 47, and Ilya Segalovich, 46, said the IPO was just the beginning for Yandex, which is eyeing international expansion.

“Russia deserves to have a technology company of a global level,” CEO Volozh told Reuters in an interview conducted in Russian. “We’re working toward that happening.

Volozh said the company’s success was a demonstration that Russia is

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