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Russian job recruitment site HeadHunter Group sets terms for $200 million US IPO


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HeadHunter Group, an online job recruitment platform in Russia, announced terms for its IPO on Thursday.

The Moscow, Russia-based company plans to raise $200 million by offering 16.3 million ADSs (100% insider) at a price range of $11.00 to $13.50. At the midpoint of the proposed range, HeadHunter Group would command a market value of $613 million.

HeadHunter Group was founded in 2000 and booked $95 million in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol HHR. Morgan Stanley, Goldman Sachs, Credit Suisse, VTB Capital, BofA Merrill Lynch and Sberbank are the joint bookrunners on the deal. It is expected to price during the week of May 6, 2019

The article Russian job recruitment site HeadHunter Group sets terms for $200 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





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