Russian search engine Yandex filed a registration statement with the US Securities and Exchange Commission for a proposed initial public offering of shares. The number of shares to be offered and the price range for the offering have not yet been determined. A portion of the shares will be issued by Yandex, and a portion will be sold by certain of its shareholders. Yandex has applied to have its Class A ordinary shares listed on the Nasdaq Global Market. Earlier reports suggested that Yandex plans to sell a 10-20 percent stake in the company, and banks valued the entire group to be worth around USD 6-9 billion.
