Russian search engine Yandex is set to IPO sometime in the very near future, reports say. Yandex is Russia’s most popular search engine, with 62 percent of the market share.
According to the Moscow Times, Yandex “has hired Morgan Stanley and Deutsche Bank to advise on the listing, which could take place on Nasdaq…
Investors say the Russian media business has strong potential, given the fast growth in advertising on the Russian Internet.”
Thanks to Nick Wilsdon from multilingual-search.com for the information.
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