Russia's HeadHunter plans up to $253 mln U.S. stock market offering

Russian online recruitment platform HeadHunter Group PLC is planning to secure up to $253 million in the U.S. stock market offering.

HeadHunter Group will offer 18.75 million American Depository Receipts (ADSs) on the Nasdaq at between $11 and $13.50 a share. Underwriters include Morgan Stanley, Goldman Sachs, Credit Suisse, VTB Capital, Bank of America Merrill Lynch, and Sberbank.

The shares will be sold by existing shareholders, ELQ Investors VIII Ltd., a subsidiary of The Goldman Sachs Group; Highworld Investments Ltd., a subsidiary of Elbrus Capital Fund II; and Elbrus Capital Fund IIB.

Shareholders are offering 16.3 million ADSs to the public and the underwriters have been given the option to purchase up to 2.4 million additional ADSs.