Russia’s Yandex Mulling IPO
Yandex, the Russian search engine that abandonded a planned $2 billion IPO in 2008, is mulling a second attempt at the public markets. Sources say the so-called Google of Russia is eyeing the London Stock Exchange or NASDAQ for an estimated $1.5 billion offering that would list sometime in early 2011. Which may well prove a great time for it, considering the success of Mail.Ru Group’s $5.71 billion IPO on the London Stock Exchange earlier this month.
