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Yandex Set To Go Public

TechCrunch, Wednesday, May 21, 2008 12:15 PM

Russian search engine Yandex is set to go public via NASDAQ this fall, with the hopes of raising up to $2 billion. Erick Schonfeld dubs it "the biggest tech IPO of 2008," as Yandex is currently the leading search engine in Russia.

According to comScore data, Yandex reaches some 62% of the Russian Internet audience--and they spend an average of 90 minutes with the engine each month. Search volume also puts the engine ahead of Microsoft and Yahoo in Europe--behind only Google and eBay.

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