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Nebius to resume Nasdaq trading after severing ties with Russia and Yandex

Nebius, Yandex 2.0, will begin trading on the public markets once more -- two years after the Nasdaq halted trading due to sanctions.

Nebius, the company formerly known as Yandex that’s now focused on cloud infrastructure for AI uses (aka “AI compute”), is to begin trading on the public markets once again — more than two years after the Nasdaq halted trading due to economic sanctions imposed in the wake of Russia’s Ukraine invasion in 2022. The Netherlands-based company is vying to become one of Europe’s leading players in the burgeoning “ GPU-as-a-service ” space, and sits in a somewhat unique position — it is a startup in many ways as it’s starting out afresh as a new business, but being a public company means that anyone can invest in it as an alternative to the usual U.S. hyperscalers such as Alphabet or Microsoft. Founded in 1997, most people know Yandex as the “ Google of Russia,” building everything from search engines and advertising products, to maps and autonomous vehicles.

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