HeadHunter’s price range at IPO on Nasdaq set at $11–13.5 per ADS

MOSCOW, Apr 26 (PRIME) -- The price American depositary shares (ADSs) of Russian online recruiting service HeadHunter on the Nasdaq floor ranges U.S. $11–13.5 apiece at an initial public offering (IPO), according to the company’s documents filed to the U.S. Securities and Exchange Commission and seen by PRIME on Friday.

The company’s current shareholders – Highworld Investments Ltd. and ELQ Investors VIII Ltd., a unit of Goldman Sachs Group – are offering 16.3 million ADSs of HeadHunter, corresponding to 16.3 million ordinary shares.

HeadHunter filed for an IPO in 2018 and intends to raise up to $250 million. The deal is organized by Morgan Stanley, Goldman Sachs, Credit Suisse, BofA, Merrill Lynch, Sberbank CIB, and VTB Capital.

Working since 2000, HeadHunter operates in Azerbaijan, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Russia, and Uzbekistan. The number of paying users was at 253,000 in 2018.

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