incrediBILL - 6:34 pm on Apr 15, 2011 (gmt 0)
Russia's largest Internet company Yandex LLC has been given a preliminary valuation of between $6 billion and $9 billion ahead of its initial public offering on the U.S.'s Nasdaq exchange, a person familiar with the company's plans said Friday.
Yandex has a 65% share of Russia's Internet search market, which is one of the few countries in Europe not dominated by Google. Yandex also operates in the Ukraine, Belarus and Kazakhstan.
The key here is they have 65% of the market ahead of Google.
Looks like we have a valid horse race now!