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Eastern Europe
May, 2018 www.intellinews.com I Page 18
Russia's HeadHunter Group seeks to raise $250mn with NASDAQ IPO
IntelliNews Pro
Russian human resources major HeadHunter Group plans to raise $250mn in an IPO on NAS- DAQ, Reuters said on April 2 citing the information by the Securities and Exchange Commission.
Previous unconfirmed reports in January 2018 said HeadHunter was interested in an IPO in either Moscow of US. The deal will be organised by Goldman Sachs, Morgan Stanley, Credit Suisse, BofA Merrill Lynch, as well as domestic VTB Capi- tal and Sberbank CIB.
The privately owned company is owned by the private equity fund Elbrus Capital, which bought the company in 2016 from Russian internet services major Mail.ru for RUB10bn ($174mn).
Russia ranks second in the world for digital piracy
Jane Kuhuk of East-West Digital News
Russia is the second biggest consumer of digital pirated content in the world with 20.6bn visits
to piracy sites in 2017, according to a report by Muso, a London-based global authority on digital piracy, reports East-West Digital News (EWDN).
The US tops the list with 27.9bn visits to piracy sites last year. The listing also includes such countries as India (17bn), Brazil (12.7bn), Turkey (11.9bn), Japan (10.6bn), France (10.5bn), Indone- sia (10.4bn), Germany (10.2bn) and the UK (9.0bn).
“Piracy is more popular than ever,” comments Andy
HeadHunter is the leader in the market of Inter- net recruitment in Russia, Ukraine, Kazakhstan, Belarus and Azerbaijan. The site attracts month- ly unique visits of 19mn, and the resume base is more than 20mn chasing 300,000 vacancies.
HeadHunter is the third most popular in the ranking of employment sites according to the SimilarWeb web analytics platform, the Elbrus Capital website reports .
HeadHunter has been working since 2000. In 2007, Digital Sky Technologies (DST), the investment ve- hicle of technology investors Yuri Milner and Alisher Usmanov, purchased 24.5% of its shares for $15mn that valued the company at $61.2mn at the time.
Chatterley, co-founder and CEO at MUSO. According to the study, global piracy showed a 1.6% increase in 2017, with “300.2bn visits to piracy websites across music, TV and film, publishing, and software.”
With 106.9bn visits, TV is recognized “the most regularly consumed pirated content”. It is followed by music (73.9bn visits) and film (53.2bn visits).
Muso says it measures piracy from over 30,000 of the highest traffic sites for all formats – includ- ing web streaming, download and torrenting –
to give “a trend-based view of piracy activity.”