Nasdaq plans to delist Russian tech giants — RT Business News

Nasdaq plans to delist securities of Russia’s largest IT company Yandex and e-commerce company Ozon, the U.S. stock exchange announced on Wednesday.

The scholarship quoted “the continuing geopolitical circumstances affecting Russia and their potential impact” as the reason for the write-offs. Neither company is under Western sanctions.

The exchange has notified Yandex NV (Nasdaq: YNDX) and Ozon Holdings PLC (Nasdaq: OZON) that their securities will be delisted from the Nasdaq Stock Market LLC on March 24, unless the companies appeal to a hearing panel on registration qualifications.

The Russian companies said the measure would not affect their operations and that they intended to appeal.

The Nasdaq also notified recruiter Headhunter and payment service provider Qiwi of their early withdrawal from the exchange.

The Nasdaq, the world’s second largest stock exchange, has suspended trading in the securities of a number of Russian companies since the start of the Russian military operation in Ukraine last year.

For more stories on economics and finance, visit RT’s business space

You can share this story on social media:

Leave a Comment