HeadHunter says placing shares at $20.25 at public offering

MOSCOW, Jul 16 (PRIME) -- Russian leading online recruitment service HeadHunter has priced an offer of 5,000,000 American depositary shares (ADSs), each representing one ordinary share, offered by ELQ Investors VIII Ltd., an investment vehicle associated with Goldman Sachs Group at a public offering price of U.S. $20.25 per share, HeadHunter said late on Wednesday.

“The selling shareholder also granted the underwriters a 30-day option to purchase up to an additional 750,000 ADSs at the public offering price. HeadHunter will not receive any of the proceeds from the sale of the ADSs being offered by the selling shareholder and will bear the costs associated with the sale of such ADSs, other than the underwriting discounts,” HeadHunter said in a statement.

The offering is expected to close on July 20 subject to customary closing conditions.

Goldman Sachs & Co., Morgan Stanley & Co., Credit Suisse Securities (USA), and VTB Capital are acting as joint book running managers for the offering of the ADSs.

End %%ee/jst%%