bne_newspaper_May_17_2019

bne:Newspaper Follow us on twitter.com/bneintellinews
Content:
2 Top Stories
5 The Regions This Week 9 Chart
11 bne Invest
14 Central Europe 15 Southeast Europe 16 Eastern Europe 18 Eurasia
19 Opinion
23 bne Tech
May 17, 2019 www.intellinews.com
HeadHunter becomes first Russian company to IPO on NASDAQ since 2013
bne IntelliNews
Leading Russian online job search portal HeadHunter carried out a successful IPO on NASDAQ, on May 9 placing 16.3mn ADRs or 32% of its capital at $13.5 per ADR, the upper range of price guidance. The shares of the newcomer jumped by 24% in the first two trading days, bring HeadHunter's valuation from $675mn to $837mn on May 10.
Russia’s real estate market is getting back on its feet
Ben Aris in Moscow
Russia’s real estate market is back in play after investment rose by 30% y/y in the first quarter of this year, reports JLL – the best result in the last three years.
Russia’s real estate investment volumes reached $967m in 1Q19, up from the $742m invested in the same period a year earlier.
Job search portal HeadHunter was the first Russian company to IPO on NASDAQ since 2013.
This made the first Russian offering on NASDAQ since 2013, when another two digital majors
TCS banking group and Qiwi electronic payment system listed on the exchange. While not a single IPO or SPO was seen in 2018, since the start of this year a number of Russian companies have
See page 2
Russia's real estate sector is getting back on its feet after taking in the most investment in three years.
“A significant investment volume increase at the beginning of the year can be explained by
a few large transactions which were postponed from 2018 to 2019. Nevertheless, investors are still cautious and are adopting a ‘wait and see’ approach,” Natalia Tischendorf, head of capital
See page 3