Yandex, one of the leading Internet companies in Russia, this morning announced that it has filed a registration statement with the SEC for a proposed initial public offering, as expected. The number of shares to be offered and the price range for the offering have not yet been determined, but the Wall Street Journal recently reported that the company had been given a preliminary valuation of between $6 billion and $9 billion ahead of the filing. According to the filing, the proposed maximum aggregate offering price amounts to $1 billion, which should give you an indication of how much Yandex seeks to raise.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/Zb_RSq1myb4/
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