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.
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.