Russian search engine Yandex in the U.S. IPO postponed to next year

September 2 news, the Russian famous search engine Yandex recently said that service providers, has been in the United States decided to postpone the IPO to 2009. The company originally scheduled for this fall in the Nasdaq market IPO, plans to raise funds 2 billion U.S. dollars.

Yandex for Russia's largest search services, users daily capacity of 8 million people visit. If Yandex successful listing of its market value will reach about 5 billion U.S. dollars. Yandex IPO did not disclose the specific reasons for delay, but the industry speculated that the United States sluggish IPO market downturn, Russia and Georgia, the most recent conflict, is likely to lead to Yandex postponed the IPO two major factors.

During 2007, Yandex revenue of about 160 million U.S. dollars over 2006's 72 million U.S. dollars increased 130 percent, and the main source of income for the text of search ads. 2000 Western several venture capital firms have invested 4.6 million U.S. dollars Yandex, Yandex after listing, is expected this part of the market value of investment will rise to about 1.3 billion U.S. dollars.

Statistics data show that the current Yandex in Russia a market share of 55 percent, while Google is only 21%. Yandex co-founder and CEO Arkady Volozh recently said that in addition to the Russian market to consolidate the existing status, Yandex will To enter the international market.