MOSCOW (Thomson Financial) – Leading Russian search engine Yandex could raise $500 million to $1 billion via an initial public offering (IPO) on the Nasdaq exchange this autumn, a source in banking industry sources told Interfax. The source added that Morgan Stanley (nyse: MS – news – people ), Deutsche Bank (nyse: DB – news – people ) and Renaissance Capital will organise the listing and that the company would likely achieve a total market capitalisation of around $3 billion. Yandex achieved 2007 sales of $166.9 million, up 130 percent from 2006. Earlier, an industry source told Russia’s Vedomosti daily … Continue reading Thomson Financial News – Russia’s Yandex could raise $500 million to $1 billion in autumn IPO – source