“Yandex NV, the owner of Russia’s most popular Internet search engine, is offering shares at about twice the price of Google Inc. relative to earnings.
The Moscow-based company, which has almost triple Google’s market share in Russia, plans to sell shares at a price equivalent to at least 23 times next year’s earnings, said two people involved in the sale who declined to be identified until the deal is announced. Google trades at 13 times expected 2012 earnings.”
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