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Russia's Yandex says it's learning lessons from Lyft for its own ride-hailing IPO

Everett Rosenfeld

Speaking with CNBC on Friday in Moscow, Yandex CFO Greg Abovsky declined to specify a timeline for the IPO of Yandex.Taxi — even whether it would come this year — but said the offering remains part of the company's plans. Although Yandex.Taxi and Lyft offer similar services, Abovsky said his company was not overly concerned by the performance of the U.S. outfit. Lyft shares initially sold at a price of $72 at its IPO, but they're now changing hands at about $56.