Russia's Yandex (YNDX) Files $1B IPO

Yandex N.V. (Nasdaq: YNDX) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Common Stock. The proposed maximum offering amount is $1 billion. Yandex N.V. filed to list on the Nasdaq Global Market under the ticker "YNDX."

The offering is being made through Morgan Stanley, Deutsche Bank, Goldman Sachs, Piper Jaffray, and Pacific Credt Securities.

Yandex is the leading internet company in Russia, operating the most popular search engine and the most visited website.

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