Monday, November 29, 2010

Russian Search Leader Yandex Said To Mull $1.5 Billion IPO

Yandex, Russia's search engine leader and the nation's largest Internet company, is reportedly considering a flotation that would raise around �1 billion or $1.56 billion for the firm, thisismoney reports, citing City sources. The company is said to be mulling a listing in London early next year, although it could still end up picking NASDAQ. The IPO would follow in the footsteps of fellow Russian Internet giant Mail.ru's successful listing - the company raised roughly $1 billion.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/BTx0hWPhSn8/

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