Yandex IPO and TweetDeck sale

After LinkedIn’s IPO I mentioned now is a good time for Tech companies. If you were in any doubt this past week has delivered a little more evidence – Yandex the Russian search engine floated last week and is now trading at about $34.45. I don’t have details on their projections, but here is some basic numbers:

Market Cap: $11 billion
2010 Revenues: $440 million
Value = 25x 2010 revenue.

This compares to Linkedin trading at about 36x 2010 revenue, and Baidu (Chinese search engine) trades at 32x 2010 revenue, so perhaps there’s even some upside!

Another company just hitting headlines is TweetDeck. In the past few days Twitter purchased the UK app (which I’ve just started using) for $40 million.

So.. anyone want to start a Tech company?