Mail.ru is listed in London and search engine Yandex (YNDX) listed on the Nasdaq last year.
Yandex has also been rated the most popular website in Russia, according to Alexa.com.
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Volozh is the principal founder of Yandex and has been the CEO since 2000.
Yandex, the largest search engine in Russia, has been called the Google of that country.
Microsoft can still claim one victory over Yandex in the number of unique searchers, though.
The Yandex browser supports Windows and Mac OS and can be downloaded at browser.yandex.ru, browser.yandex.com.
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The Yandex browser uses the WebKit engine, popular with a large number of web developers.
ENGADGET: Yandex launches its own browser targeting Russian market
Yandex temporarily crossed out the word "everything" in its "everything will be found" logo.
In 2008, Yandex invested in an office in Palo Alto, Calif. where it mostly conducts product development.
Voracious investor appetite for shares of Russian search engine Yandex turned its CEO into a billionaire today.
Investors have eagerly snapped up shares of high profile Internet stocks LinkedIn, Yandex and Renren.
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Yandex has the largest search engine in Russia with 64% market share, according to Russian measurement service LiveInternet.
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Even Google, with about 22% in recent market share, has a tough time against the local Yandex.
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Major Yandex institutional shareholders include Tiger Global, Baring Vostok Private Equity Funds, Roth Advisors and International Finance Group.
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Shares of the Russian Internet company Yandex are trading higher Tuesday morning on better-than-expected Q2 profits.
Yandex is headed by CEO Arkady Volozh, who was previously CEO of CompTek International before joining Yandex in 2000.
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"Cloud-based browsing is a next-generation answer to the challenges of the modern internet, " said Arkady Volozh, CEO of Yandex.
ENGADGET: Yandex launches its own browser targeting Russian market
Yandex says it accounts for 64% of all search traffic in Russia and is the largest Russian-based internet company by revenue.
Five investment firms picked up coverage of the Russian Internet search giant Yandex this morning, mostly with a positive spin.
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Yandex has also experimented with technological and engineering solutions targeted specifically at the US market, and Wonder is one such example.
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While Baidu has been riding high for quite some time, Yandex is a relative new-comer to the leader board.
Yandex is offering a total of 52.17 million shares, including 15.4 million from the company and 36.8 million from selling shareholders.
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Going forward, the three key areas for us are developing new algorithms for web search, mobile services products, and Yandex e-commerce platform.
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He also noted that Microsoft may continue to partner with Yandex in other markets where Bing does not have a leading position.
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In March 2011, Yandex.ru attracted 38.3 million unique visitors, the company said.
Interestingly, Microsoft chose Yandex over Bing as a default search engine for Windows 8 phones in Russia and in Turkey.
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Yandex, the Russian search giant, has just launched its first product for the US market: a voice-controlled social search app called Wonder.
ENGADGET: Yandex launches Wonder, a voice-controlled social search app for the US market (update)
The Yandex browser features a merged search and address bar, which can be used both to surf and to search the internet.
ENGADGET: Yandex launches its own browser targeting Russian market
And watch out for Goldman, which demonstrated with their Neutral rating on Yandex today that they are willing to go against the grain.
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Investors piled into two markedly different companies, Yandex and Solazyme, but generally shrugged their shoulders at the rest of the pack.
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