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Yandex Hires Underwriters For $1B IPO

Yandex has appointed two banks as underwriters for its planned initial public offering worth $1 billion.

    Yandexhas appointed two banks作为承销商for its planned initial public offering (IPO) worth $1 billion,Bloombergreports.Morgan StanleyandDeutsche Bankhavebeen picked by the Russian search engine for its IPO.

    Moscow-based Yandex may file the offering with the U.S.Securities and Exchange Commissionin February and would become public by June this year. The details of the IPO of the company, which may trade on theNasdaq Stock Market, have not yet been disclosed.

    Click here for the story fromBloomberg.

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