RenCap: HeadHunters floatation shows demand for Russian assets - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

RenCap: HeadHunters floatation shows demand for Russian assets

MOSCOW, Jun 17 (PRIME) -- An initial public offering (IPO) of recruiting company HeadHunter has demonstrated there is demand for Russian assets, although selective and aimed at growth potential, Dmitry Brodsky, head of the equity capital markets in Russia and the CIS of investment company Renaissance Capital, told PRIME on Monday.

HeadHunters IPO is certainly a successful deal, Brodsky said.

The recruiting company raised U.S. $220.1 million in the IPO on the Nasdaq at $13.5 per American depositary share in early May.

Russia has many dividend stories, but experience shows that its rising value that attracts investors most and produces better valuation, the executive said.

HeadHunter offered a very good combination of rapid growth, dividends, and a retail-focused Internet business. The company had a very good deal and demonstrated that placements in the current situation are possible. But in order to attract investors, an investment story should be of a good quality.

Many companies think of IPOs. HeadHunters IPO showed that placements are possible. Other placements, that did not take place, show that investors are choosy and are not ready to pay the price acceptable for shareholders. So, there are deals that are feasible, but companies are not interested in them at any price, Brodsky said.


17.06.2019 16:01
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 89.6637 -0.3181 26 sep
USD 76.8195 -0.3585 26 sep
Stock Market Indices
1D 1W 1M 1Y
rtsi 1187.18 -0.72 17:04 24 sep
micex 2910.99 -0.19 17:04 24 sep
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 177.00 -1.12 23:49 24 sep
lkoh 4456.00 -1.61 23:49 24 sep
rosn 370.75 -1.08 23:49 24 sep
sber 228.50 -0.60 23:49 24 sep
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 89.7700 +0.5500 14:59 24 sep
USDTD 76.8125 +0.6125 17:44 24 sep