Solid reports have indicated for several months that Yandex, the popular Russian search engine, would file for an IPO sometime this year. Now it seems that international problems have made it delay things until 2009 instead.
Blame the global economy for starters. Unsteady markets and rising inflation have caused investors to become nervous, making them less likely to sink money into anything without a long and solid track record. Yandex, which was founded in 1997 and became profitable in 2002, might not be embraced.
