HeadHunter sets pricing of 4.5 mln ADSs offer at $37/share

MOSCOW, Jun 3 (PRIME) -- Russian recruiting service HeadHunter has announced the pricing of an underwritten public offering of 4.5 million American depositary shares (ADSs), each representing one ordinary share, at U.S. $37 per share, the company said on Thursday in a statement.

The ADSs are offered by ELQ Investors VIII Ltd., an investment vehicle associated with Goldman Sachs Group, and Highworld Investments Ltd., a subsidiary of Elbrus Capital Fund II, L.P. and Elbrus Capital Fund II B, L.P., all named as the selling shareholders.

The selling shareholders also granted the underwriters a 30-day option to purchase up to an additional 675,000 ADSs at the public offering price.

HeadHunter said it will not receive any of the proceeds from the sale of the ADSs being offered by the selling shareholders and will bear the costs associated with the sale of such ADSs, other than the underwriting discounts.

The offering is expected to close on June 7, subject to customary closing conditions.

Goldman Sachs & Co. and Morgan Stanley & Co. are acting as joint book running managers for the offering of the ADSs.

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