Yandex is planning to go to the stock exchange market and obtain 1.5-2 billion dollars of funds.
Aug 12, 2008 by Herman
The biggest Russian search engine Yandex is planning to obtain funds of 1.5-2 billion dollars by initial public offering at the trading ground in New York. IPO is planed for this fall.
According to the source the evaluation data is based on the tentative price of 5 billion dollars, as this is the limit of Yandex capitalization in case of successful distribution.