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The company expects to attract $250 million U.S. via the IPO. The recruitment major first suggested it was considering an IPO back in January.
The American depository share will be placed by Highworld Investments Limited and ELQ Investors VIII Limited. Morgan StanleyBofA Merrill Lynch, Goldman Sachs, Credit Suisse, VTB Capital and SberBank CIB will be the organizers of the offering. 
HeadHunter.ru was sold to private equity fund Elbrus Capital in 2016. The deal was valued at 10 billion rubles ($131 million U.S.). The acquisition was originally meant to take place in early 2015, following an agreement between Russian internet major Mail.Ru Group and the equity fund in mid-2014, but the worsening Russian economy frightened Elbrus investors and the deal was called off.

The Russian leader has been extremely active in developing new products and driving innovation since the acquisition. It has deployed machine learning algorithms to rank candidates and developed tie-ins with Russian social media networks to better screen candidates.

According to SimilarWeb, HH.ru saw total monthly traffic of 57.3 million in February — well ahead of No. 2 site SuperJob.ru with 21.9 million and Ru.Indeed.com with 11.9 million.