[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Kremlin_27.06.2008_01.jpg”]
Yandex, Russia’s most popular search engine, has priced its IPO on the Nasdaq, and expects to raise over $1 billion.The company has priced at $20 to $22, and expects a valuation around $6-9 billion. The Journal says Yandex has a 65% share of the search market in Russia, and also operates in neighbouring countries like Ukraine, Belarus and Kazakhstan.
Internet IPOs are back, emerging market IPOs are back. Champagne!