QIWI plc, a leading provider of next generation payment services in Russia and the CIS, announced the pricing of its initial public offering of 12.5 million Class B Shares in the form of American Depositary Shares or ADS at $17 per ADS, at middle of estimated range. .
In the amended F-1 filing with the SEC, the company had estimated to offer 12.0 million Class B Shares of between $16.00 and $18.00.
All of the ADSs are being offered by selling shareholders. Each ADS represents one class B share of the Company.
The Russian company said that the ADSs will begin trading on the NASDAQ Global Select Market on May 3, 2013 under the symbol "QIWI."
The selling shareholders have granted the underwriters a 30-day option to purchase up to 1.875 million ADSs to cover over-allotments, if any.
The company said that the selling shareholders will receive all of the net proceeds from the sale of ADSs in this offering.
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