Nebius Group to Resume Nasdaq Trading After Splitting From Yandex

The AI cloud firm expects significant revenue growth as it positions itself as a European leader in AI infrastructure.

Nebius Group anticipates annual recurring revenue of $500 million to $1 billion by 2025.
The company emerged after a $5.4 billion deal separated Yandex's Russian and international assets.
Trading of Nebius shares will resume on Nasdaq on October 21, 2024, following a suspension due to sanctions on Russia.
Nebius is focused on AI infrastructure and cloud services, leveraging its Finnish data center and AI cloud business.
CEO Arkady Volozh aims to build one of the world's largest AI infrastructure businesses, with plans to invest over $1 billion by mid-2025.