Latham Advises on IPO of HeadHunter Group PLC

Cross-border team counsels on first Russian IPO on a US Exchange since 2013

May 14, 2019

Latham & Watkins has advised HeadHunter Group PLC (HeadHunter), the leading online recruitment platform operating in Russia and the Commonwealth of Independent States, in connection with the US$253 million initial public offering of its American Depositary Shares (ADSs). All ADSs in the offering were sold by HeadHunter’s controlling shareholders, Highworld Investments Limited, a subsidiary of Elbrus Capital, and ELQ Investors VIII Limited, a subsidiary of The Goldman Sachs Group, Inc. The joint book running managers of the offering were Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC. HeadHunter’s ADSs are listed on the Nasdaq Global Select Market and trade under the symbol “HHR.”

HeadHunter is the first Russian IPO on a US exchange since 2013. HeadHunter focuses on connecting job seekers with employers, offering access to an extensive CV database and job postings platform, as well as other recruitment-related value added services. HeadHunter was the third most visited job and employment website globally as of January 1, 2019 and, since 2013, has processed over 1 billion job applications. 

Latham’s team was led by Moscow-based US securities law partner David Stewart and London-based US securities law partner David Boles, with London associates Jenna Gascoyne, Sarah Youssefi, and Ade Ogunsanya and Moscow associates Ekaterina Pavlyuchenko and Alexandra Samsonova.

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