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    Russia's Yandex mulls IPO - media

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    Russia's most popular search engine Yandex is considering a 1 billion pound ($1.573 billion) initial public offering in London in early 2011, British website Thisismoney reported on Sunday.

    Russia's most popular search engine Yandex is considering a 1 billion pound ($1.573 billion) initial public offering in London in early 2011, British website Thisismoney reported on Sunday.

    Yandex is most likely to choose London for its flotation but is also considering Nasdaq, the media said referring to City sources.

    According to the international media research company comScore, in 2009 Yandex took 7th place in the top-10 of the world's most popular search engines after such familiar names as Google, Yahoo and China's Baidu.

    MOSCOW, November 28 (RIA Novosti)

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