Yandex, Russia’s search engine leader and the nation’s largest Internet company, is reportedly considering a flotation that would value the firm at around £1 billion or $1.56 billion, thisismoney reports, citing City sources. The company is said to be mulling a listing in London early next year, although it could still end up picking NASDAQ.
The IPO would follow in the footsteps of fellow Russian Internet giant Mail.ru’s successful listing – the company raised roughly $1 billion.
