Russia's 'Google' aims for London share listing

Russia's leading internet portal floats on the Alternative Investment Market on Wednesday in a stock market debut that will value the company at more than $150 million.

Rambler Media - the closest the country has to Google - hopes to become the latest in a series of sought-after Russian stocks listing in London. It plans to offer 3.9 million shares priced at $10.25, and use the $40m raised to help it take advantage of Russia's rapid increase in internet usage.

Interesting that many Russian companies are floating stock in other countries, and it shows how important a stable currency and political structure are.

I am not sure what the search engine distribution breakdown is like over in Siberia, but a friend told me that its fookin cold there.