Après Google...Baidu....voilà Yandex

Following a torrid debut by LinkedIn and a spate of hot IPOs from Chinese Internet companies, Russia’s Yandex, that country’s equivalent of Google , looks poised to be the next big thing when it comes to widely anticipated and richly valued Internet IPOs. In its Nasdaq listing, Yandex is expected to sell 52.2 million shares at a range of $22-$24. At the top end of that range, Yandex would be worth $7.71 billion. The stock will traded under the ticker “YNDX.”
At those prices, Yandex is selling its shares at roughly 23 times next year’s earnings compared to the 13 times 2012 earnings Google trades at, Bloomberg News reported, citing two sources involved with the sale. Yandex appears similar to Baidu China’s largest provider of Internet search services, in that it is the dominant Internet search firm in a fast-growing emerging market, wielding market share that makes Google’s share in the same market seem tame by comparison. Just as Baidu dominates Google in China, Yandex has triple Google’s market share in Russia, Bloomberg reports.

http://www.yandex.com/