QIWI plc (QIWI) announced the pricing of public offering of 7.97 million of Class B Shares represented by ADSs at $40.00 per ADSs. The offering is expected to close on or about June 20, 2014.
Out of which, 1.99 million Class B Shares will be sold by the company and 5.98 million Class B Shares will be sold by certain of its shareholders, the company stated.
The underwriters of the offering will have a 30-day option to buy additional 299 thousand Class B Shares from the company and 897 thousand Class B Shares from the selling shareholders at the Offering Price, less underwriting discounts and commissions.
QIWI intends to use offering net proceeds for general corporate purposes. QIWI specified that it will not receive any proceeds from the sale of ADSs by the selling shareholders.
Credit Suisse and VTB Capital are serving as joint book-running managers for the offering. William Blair, Aton and Gazprombank are serving as joint-lead managers.
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