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Nebius Group

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Nebius Group N.V.
Nasdaq: NBIS
IndustryTechnology company
HeadquartersAmsterdam
Key people
John Boynton, Chairman
Arkady Volozh, CEO
Revenue
  • Decrease US$117.5 million (2024)
  • Decrease -US$443 million (2024)
  • Decrease -US$282 million (2024)
Total assets
  • Decrease US$3.551 billion (2024)
Total equity
  • Decrease US$3.256 billion (2024)
OwnerNvidia (0.5%)[1]
SubsidiariesNebius.AI
Toloka
Avride
TripleTen
Websitegroup.nebius.com
Footnotes / references
[2][3]

Nebius Group N.V., headquartered in Amsterdam, is a holding company that owns Nebius.AI, Toloka, Avride, TripleTen, and minority stakes in other companies focused on artificial intelligence.[2][4][5] It also owns a data center in Mäntsälä, Finland,[2] a GPU cluster at an Equinox data center in Paris,[6][7][8] a GPU cluster at a data center in Kansas City under construction,[9][10][11] and a 300MW data center in Vineland, New Jersey under construction.[12][13]

The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex. In July 2024, due to international sanctions during the Russian invasion of Ukraine, it sold Yandex to a consortium of Russian investors, retaining several businesses that operated outside of Russia, and was renamed Nebius Group.

History

[edit]

The company was formed in 1989 as Yandex N.V. by Arkady Volozh as a holding company for Yandex.

On May 24, 2011, the company raised $1.3 billion in an initial public offering on NASDAQ, the biggest initial public offering for a dot-com company since Google's offering in 2004.[14][15][16][17] At that time, Baring Vostok Capital Partners owned a 35% stake in the company and Tiger Technologies owned a 15% stake.[18][19]

In March 2022, the company's securities were suspended for trading on the Nasdaq due to international sanctions during the Russian invasion of Ukraine. The company repurchased its convertible bonds per their terms in September 2022.[20][21]

In July 2024, due to international sanctions during the Russian invasion of Ukraine, it sold Yandex to a consortium of Russian investors, retaining several businesses that operated outside of Russia, and was renamed Nebius Group. Its shares then resumed trading on the Nasdaq.[2][22]

References

[edit]
  1. ^ Singh, Jaspreet (February 15, 2025). "Nvidia cuts stake in Arm Holdings, discloses position in China's WeRide". Reuters.
  2. ^ a b c d "NEBIUS GROUP N.V. Form 6-K". U.S. Securities and Exchange Commission. February 20, 2025.
  3. ^ "Nebius Group N.V. announces fourth quarter and full-year 2024 financial results". U.S. Securities and Exchange Commission. February 20, 2025.
  4. ^ Ahlgren, Linnea (July 16, 2024). "Yandex founder launches new Amsterdam-based AI venture after Russia divestment". TNW.
  5. ^ Sawers, Paul (July 21, 2024). "From Yandex's ashes comes Nebius, a 'startup' with plans to be a European AI compute leader". TechCrunch.
  6. ^ Swinhoe, Dan (September 26, 2024). "Nebius deploys AI cluster at Equinix data center in Paris". Data Center Dynamics.
  7. ^ Ahlgren, Linnea (September 25, 2024). "Nebius launches AI data centre in Paris as part of $1B European investment plan". The Next Web.
  8. ^ Butler, Georgia (October 16, 2024). "Nebius launches AI cloud offering with Nvidia H100s and H200s". Data Center Dynamics.
  9. ^ "Patmos Announces Nebius as First Tenant in New Kansas City Data Center" (Press release). Business Wire. November 19, 2024.
  10. ^ Trueman, Charlotte (November 19, 2024). "Nebius to deploy 5MW Nvidia H200 cluster at Patmos data center in Kansas City, Missouri". Data Center Dynamics.
  11. ^ Nellis, Stephen (November 20, 2024). "Nebius Group to open first US cloud operations after resuming trading". Reuters.
  12. ^ Trueman, Charlotte (March 5, 2025). "Nebius to build 300MW data center in New Jersey, will launch Icelandic colocation deployment in Q2 2025". Data Center Dynamics.
  13. ^ "Nebius accelerates US expansion, adding up to 300 MW capacity at new data center in New Jersey" (Press release). Business Wire. March 5, 2025.
  14. ^ Rusli, Evelyn M. (May 24, 2011). "Yandex Shares Soar 55% in Market Debut". The New York Times. Archived from the original on August 9, 2017.
  15. ^ Krastev, Nikola (May 24, 2011). "Russia's Top Internet Company, Yandex, Makes U.S. Debut With IPO". Radio Free Europe/Radio Liberty.
  16. ^ Kramer, Andrew; Rusli, Evelyn M. (May 24, 2011). "Yandex's Surge on Debut Stirs More Talk of Tech Bubble". The New York Times.
  17. ^ "Yandex scores big on first day". American City Business Journals. May 25, 2011.
  18. ^ Pfauth, Ernst-Jan (October 12, 2008). "Yandex IPO delayed after all, what a surprise". The Next Web.
  19. ^ Popova, Olga; Kiselyova, Maria; Mosolova, Tanya (May 20, 2008). "Russia's Yandex plans up to $2 bln NY IPO - source". Reuters. Moscow. Archived from the original on January 11, 2021.
  20. ^ ""Яндекс" предупредил о риске дефолта после приостановки торгов". RBK Daily. 4 March 2022.
  21. ^ Колотович, Наталья (13 September 2022). ""Яндекс" выкупил 98,7% своих конвертируемых облигаций" [Yandex bought back 98.7% of its convertible bonds]. RBK Daily (in Russian).
  22. ^ "Yandex NV renamed Nebius Group after Russia split". Reuters. August 16, 2024.
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