Russian IT company showing successful IPO on NASDAQ

RUSSIA / FSU POLITICS - In Brief 14 May 2019 by Alex Teddy

Russian IT company Headhunter completed an IPO at NASDAQ last week, showing successful early trading. No Russian company has achieved this since 2013. Headhunter has been assisted by a few US investment banks. Goldman Sachs, Morgan Stanley, Credit Suisse, Bank of America and Merrill Lynch are some of the banks involved. Over the last week the share price has gone up over 20%.Headhunter has benefited from not being a large company and its not targeted by sanctions. Forbes reported that Headhunter has offered 32% of its shares on the NASDAQ. The price range offered is USD 11-13.5 per share. I...

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