Yandex IPO Puts Off Plan

Reports Solid saying for several months that Yandex, Russia’s famous search engine, has filed an IPO sometime this year. Now it seems that the international problem making postpone problems until 2009 instead.

Blaming the global economy for beginners. Shaky markets and rising inflation caused investors to become nervous, making them more likely to sink money into anything without a long track record and solid. Yandex, which was founded in 1997 and became profitable in 2002, can not be adopted.

Then there are more specific concerns about Russia’s relations with the rest of the world. Then the country was more or less ignored all partners and neighbors during the war with Georgia, was seen in overdose suspicion. Controller or a new Cold War could complicate the transfer of money.

However, Svetlana Gladkova delay IPO report comes from “one of the leading Russian investment fund [s] known for some corporate IT investments.” And not much else has changed, because, as originally reported, “[v] aluation of Yandex IPO NASDAQ as a result of the need to reach levels between $ 3 billion and $ 5 billion. “