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Instant payment company Qiwi went public on Nasdaq last week, selling 12,5 million shares at the price of $17 per share, owned by the existing shareholders and raising $213 million as a result. The company market capitalization reached $884 million.
The company, registered, unsurprisingly, in Cyprus, accepts 65 million payments every month.
The company also offers electronic wallets co-branded with Visa, and has a joint venture with Polish Integer.pl to provide post delivery solution Qiwi Kiosk.
In 2012 the company revenue reached nearly $300 million.
This is the second Russian IPO on Nasdaq after Yandex went public in 2011.
Last Friday the 3rd of May was the day when the Dow Jones Industrial Average as at its record high above 15000 points. Lucky coincidence I suppose.
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