May 3 Shares of Russian payment transfer company
QIWI Plc rose as much as 2 percent in their market
debut, valuing the company at about $901.1 million.
The company priced its enlarged offering of 12.5 million
American depository shares (ADS) at $17 each, raising $212.5
million. Each ADS represents one class B share of the
QIWI, which provides payment services across physical,
online and mobile channels mainly in Russia, said it would not
receive any proceeds from the IPO as all the shares in the
offering would be sold by its stockholders.
Online money transfer company Xoom Corp has gained
20 percent since it went public in February.