The documentation has been filled with the US Securities and Exchange Commission. According to the source, financial services providers JPMorgan Chase and Credit Suisse Group have been selected to manage the sale on the Nasdaq Stock Market.
Russian Internet group Mail.RU, which co-founded QIWI in 2007, owns 21.4 percent of the companys shares.
The QIWI Wallet electronic payment system was launched at the end of 2007. The system allows customers to make payments online for utilities, mobile phone bills, internet, online purchases and bank loans. The company runs 11 million virtual wallets co-branded with Visa and operates cash-collecting terminals and kiosks. In 2012, revenue has reached USD 293 million and profit attributable to shareholders amounted to USD 30 million.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now