World’s third most popular jobs site goes public on NASDAQ
15 May '19
Last week Moscow-based HeadHunter Group, a leading online job recruitment platform in Russia, raised $220m on the NASDAQ by offering 16.3 million American Depository Receipts (ADRs) at $13.50, the upper range of the price guidance, EWDN reported.
At the close of the first day, HeadHunter Group boosted its market capitalization to $787.5m as the price for its ADRs grew 17.2% to $15.82 from the initial price, HeadHunter announced on LinkedIn.
HeadHunter Group is now listed on the NASDAQ under the symbol HHR. Morgan Stanley, Goldman Sachs, Credit Suisse, VTB Capital, Bank of America Merrill Lynch and Sberbank acted as lead managers on the deal.
HeadHunter operates online in Russia and neighboring countries, providing potential employers and recruiters access to an extensive resume database on a paid basis. The company also provides job seekers and employers with value added services centered around their job seeking and recruitment needs.
According to SimilarWeb, as of January 1, 2019, HeadHunter’s platform was the third most visited job and employment website globally.