The COO of Yandex, Greg Abovsky, told Reuters last month that Yadex.Taxi was considering an IPO, without providing more details. VTBC takes the deal as positive for Yandex, although needing more information on Vezet's financials. Unaccounting for Vezet, the analysts have a Buy recommendation on Yandex with unchanged 12-month target price of $46 implying an estimated total return (ETR) of 14%. BCS Global Markets believes that the acquisition of Vezet could add 25-30% to Yandex.Taxi's gross merchandise volume (GMV) run-rate. "The deal's valuation looks very attractive to Yandex – a mere 0.4 Enterprise Value to GMV implied for Vezet ($300-400mn deal), we estimate, suggesting clear value accretion for Yandex.Taxi, which, we believe, deserves 1.5 EV/GMV multiple, and could make better use of the traffic currently flowing through Vezet," BCS GM argues.