(Reuters) -AI infrastructure firm Nebius Group said on Thursday its shares will resume Nasdaq trading on Monday after being halted soon after Russia’s February 2022 invasion of Ukraine.
At that time, the stock traded under the ticker of Russian internet giant Yandex through its Amsterdam-based parent company.
In July, a Russian consortium finalized a $5.4 billion deal to acquire the Russia-based assets of Yandex, often dubbed “Russia’s Google.”
The hiving off of Yandex’s foreign assets marked the largest corporate exit since the invasion.
“We are pleased to have our shares trading again on Nasdaq, which opens a new chapter for our company as a publicly traded pure play in the fast-growing AI infrastructure space,” Nebius CEO Arkady Volozh said.
Other Russian companies were suspended and ultimately delisted from Nasdaq, but Nebius, during months of negotiations to secure an exit from Russia, maintained a suspended listing, provided it could decouple from Yandex.
(Reporting by Alexander Marrow and Jaiveer Shekhawat; Editing by Tasim Zahid)
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