Linkedin IPO nearly two times more successful than the Yandex IPO

Everyone says that Yandex has successfully released more than an IPO, what Linkedin.

For one simple reason - their score increased in the IPO by 51 %, and 42% on Linkedin. But this is a very superficial glance. If you look a little deeper, it looks slightly different. Let's compare the basic parameters. I then did not conduct any investigation of the mega simply took public figures and put the number of.

parameter.	Linkedin.	Yandex.
Revenue in 2010.	$ 243 million.	$ 439 million.
Attracted to the IPO.	$ 352.8 million.	$ 1.67 billion.
Number of shares sold.	7.84 million.	52.2 million.
The cost of the shares at the exit.	$ 45.	$ 25.
The cost of the shares on the result.	$ 83.	$ 35.
Evaluation at the exit to IPO.	$ 4.25 billion.	$ 5.71 billion.
Evaluation of the results of IPO.	$ 10 billion.	$ 11.2 billion.
The annual proceeds.	41.	25.
The growth of the company's value.	42%.	51%.
The growth of value stocks.	54%.	70%.
TOTAL.	Each annual revenue costs. 60% more. Yandex.

Conclusion: Despite the fact that Yandex in the IPO has shown higher growth rate, but the results. Linkedin is estimated at 45 of its annual turnover!. And Yandex in a more modest 25. Their market capitalization is almost equal to the final despite the fact that Yandex earns on average twice as much real money in a year.

What are the characteristics and possible causes?.

Linkedin.	Yandex.
Known and understood by the team. white bone of Silicon Valley.	Unfamiliar people from several countries frightening Russia.
Diversified sources of income (3 different ).	One of them, but very friendly to all sources of income.
100 million users.	34.9 million users.
Well-known investors.	Little-known investors.
Social Network.	Share.

What does this all mean?.

1. 
   that. ties play an IPO. as well as elsewhere. The fact that people are aware that investors are aware that the projects of the same team can be seen on the market, plays a role.
   


2. 
   Despite the fact that the search engine - it's all very clear thing, and people believe in it, is. boom in social networking. followed by Linkedin other social projects, too, there will.
   


3. 
   In real life assessment of the market technology companies have ceased to be even close to anything in common. All the money that they earned -. this money on inflating. After evaluation of dozens of annual turnover means that the company is really just can never grow to fit their own assessment of the market value.
   

Well, in addition, a couple of pictures.