QIWI, a leading provider of payment services in Russia, announced terms for its IPO on Friday. The Nicosia, Cyprus-based company plans to raise $204 million by offering 12 million shares at a price range of $16 to $18. At the midpoint of the proposed range, QIWI would command a market value of $884 million.
QIWI, which was founded in 2004 and booked $293 million in sales for the 2012 fiscal year, plans to list on the NASDAQ under the symbol QIWI. QIWI initially filed confidentially on 11/5/2012. J.P. Morgan and Credit Suisse are the joint bookrunners on the deal.
