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
