Russian payment transfer company QIWI priced its float of about 8.2 million shares already owned by its stakeholders at $30.5 per share Tuesday.
The firm announced the float in September but did not reveal the pricing. Internet group Mail.ru, which co-founded QIWI in 2007, and Japan's Mitsui & Co will reduce their stakes as a result of the float, according to market sources.
The offering, for which the U.S.'s Credit Suisse Securities is the sole bookrunner, is expected to close on or around Oct. 4, QIWI said in a statement.
Earlier this year, QIWI, which provides payment services across physical, online and mobile channels mainly in Russia, floated 12.5 million American depository shares on Nasdaq.
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
