Yandex-Uber JV in talks with Morgan Stanley, Goldman for IPO

Yandex-Uber JV in talks with Morgan Stanley, Goldman for IPO

Signs for the Yandex.Taxi online booking service sit on taxi cabs operated by the Nexi taxi service, a unit of ASAP Transportation Co., in a parking bay in Moscow, Russia. Photographer: Andrey Rudakov/Bloomberg

Russian search engine Yandex NV’s ride-hailing unit, part-owned by Uber Technologies Inc., is in talks to hire Morgan Stanley and Goldman Sachs Group Inc. to manage its initial public offering, according to a person familiar with the matter.

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