Deal Details
Initial Public Offering
Summary
Baird served as a co-manager on this offering
About
QIWI plc. (“QIWI” or the “Company”) (NASDAQ-GS: QIWI), recently completed an initial public offering of 12,500,000 American Depositary Shares (“ADS”), each representing one class B share, at a price of $17.00 per share, generating gross proceeds of approximately $212.5 million. All of the ADSs are being offered by selling shareholders. QIWI will not receive any proceeds from the sale of ADSs by the selling shareholders.QIWI is a leading provider of next generation payment services in Russia and the Commonwealth of Independent States. The Company has an integrated proprietary network that enables payment services across physical, online and mobile channels. QIWI has deployed over 11 million virtual wallets and over 169,000 kiosks and terminals. The Company has enabled over 40,000 merchants to accept over RUB 39 billion cash and electronic payments monthly from over 65 million consumers using its network at least once a month. QIWI's consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or online environments interchangeably. The Company is headquartered in Moscow, Russia.
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- Date
- May 2013
- Company
- QIWI plc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- Europe
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