March 27 Russian payment transfer company QIWI
filed with U.S. regulators to raise up to $100 million from an
initial public offering of its American Depository Shares.
The company, which counts Japan's Mitsui & Co among
its shareholders, did not reveal the number of ADSs it planned
to offer or their expected price.
Russian Internet group Mail.RU, which co-founded
QIWI in 2007, owns 21.4 percent of the company's shares.
Reuters reported in December that Qiwi, which operates in 22
countries in Europe, Asia, Africa and the Americas, plans to
sell between 25 and 30 percent of its shares in a deal that
would value it at $1 billion.
QIWI, which plans to apply to list on the Nasdaq under the
symbol "QIWI," named J.P. Morgan Securities and Credit Suisse as
lead underwriters to the offering, in a filing with the U.S.
Securities and Exchange Commission. ()
The amount of money a company says it plans to raise in its
first IPO filings is used to calculate registration fees. The
final size of the IPO could be different.