Russia’s HeadHunter lists shares on Nasdaq, valuation $837 millionChristian Fernsby ▼ |
Russia HeadHunter saw high demand, with the book for the IPO oversubscribed
Leading Russian online job search portal HeadHunter carried out a successful international public offering (IPO) on the Nasdaq exchange on May 9, placing 16.3 million American Depositary Receipts (ADRs) or 32 percent of capital at $13.5 per ADR, the upper range of the price guidance.
HeadHunter saw high demand, with the book for the IPO oversubscribed by more than 10-fold, according to the Kommersant daily.
HeadHunter shares were sold by the Highworld Investments, with 59.99 percent of the shares, the investment division of Goldman Sachs Group ELQ Investors VIII with 40 percent. Highworld sold 9.8 million ADRs for $132 million and ELQ 6.5 million for $88 million. ■
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