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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.