Russian Online-Payment Operator Qiwi Files for $100 Million IPO
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Qiwi Plc, a Russian instant-payment operator backed by billionaire Alisher Usmanov’s Mail.ru Group Ltd. and Mitsui & Co., applied for a $100 million initial public offering in the U.S.
JPMorgan Chase & Co., Credit Suisse Group AG and Renaissance Capital will manage the sale on the Nasdaq Stock Market, Qiwi said in a U.S. filing late yesterday. The Moscow-based company plans to sell shares in the first half, Alexandra Vysochkina, a spokeswoman, said by phone.