(Reuters) – AI infrastructure firm Nebius Group expects to make annual recurring revenue of $500 million to $1 billion in 2025, the company said on Friday before trading of its shares resumes on Nasdaq on Monday after a lengthy suspension.
Trading was suspended soon after Russia’s February 2022 invasion of Ukraine, when the stock was traded under the ticker of Russian internet giant Yandex through its Amsterdam-based parent company. In July, Nebius emerged following a $5.4-billion deal to split Yandex’s Russian and international assets.
(Reporting by Alexander Marrow)
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