Yandex, the search engine that claims 64 percent of the market in Russia, is seeking at least US$1 billion in an IPO put together by Goldman Sachs, Deutsche Bank and Morgan Stanley. According to Reuters, new shares will be issued by Yandex’s parent company, and its existing owners will cash out some of their shares. Pictured: Arkady Volozh, General Director of Yandex company at the press conference in Minsk.