Yandex, Renren, HomeAway Said to Plan IPOs Worth $1.8 Billion
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Yandex, Renren.com and HomeAway.com Inc., a trio of Internet startups, are planning to raise a total of $1.8 billion in U.S. initial public offerings this year, people briefed on the proposals said.
Morgan Stanley and Deutsche Bank AG will handle all three deals, which are likely to happen by the end of June, said the people, who asked not to be identified because the plans haven’t been made public. JPMorgan Chase & Co. and Goldman Sachs Group Inc. are also working with HomeAway, while Credit Suisse Group AG will help manage Renren’s IPO, they said.