HHR News

Ridesharing giant Uber (UBER) made its debut this week, raising $8.1 billion dollars at a market cap of $82 billion, making it the largest US IPO since Alibaba went public in 2014. Uber priced its IPO at $45, 4% below the midpoint of the $44 to $50 range, and opened on the NYSE on Friday at $42 per share. It ended its first day of trading down 8%, among the worst...read more

HeadHunter Group, a leading online job recruitment platform in Russia, raised $220 million by offering 16.3 million ADSs (100% insider) at $13.50, the high end of the $11.00 to $13.50 range. HeadHunter Group plans to list on the Nasdaq under the symbol HHR. Morgan Stanley, Goldman Sachs, Credit Suisse, VTB Capital, BofA Merrill Lynch and Sberbank acted as lead managers on the deal...read more

If 2019 is indeed the "year of Uber," then the week ahead can only be the "week of Uber." After years of IPO speculation, Uber (UBER) is expected to raise $8.5 billion at the $47 midpoint, with insiders selling $1.3 billion in the overallotment. That is below the last round of $48.77, a smart move given where Lyft (LYFT) has traded. Unlike...read more

HeadHunter Group, an online job recruitment platform in Russia, announced terms for its IPO on Thursday. The Moscow, Russia-based company plans to raise $200 million by offering 16.3 million ADSs (100% insider) at a price range of $11.00 to $13.50. At the midpoint of the proposed range, HeadHunter Group would command a market value of $613 million. HeadHunter Group was...read more