Yandex Said to Raise $1.3 Billion as IPO Prices Above Range

Yandex Said to Raise $1.3 Billion as IPO Prices Above Range

Serguei Fomine/ Bloomberg

The homepage of Russian web portal Yandex.ru. Yandex, whose IPO valued the stock at about twice that of Google Inc. relative to earnings, met increased demand as companies file for U.S. IPOs at the fastest pace in seven years.