Qiwi, the operator of one of Russia’s largest networks of electronic payment terminals, is considering an initial public offering of shares on NASDAQ in mid-2013 and has named J.P. Morgan and Credit Suisse as the bookrunners, according to investment intelligence website Invest IQ.
Qiwi, which has not disclosed its share pricing plans, would offer up to 30% of its stock in the IPO. However, experts cited by Invest IQ questioned the ability of Qiwi as just a network of terminals to stand competition with Internet banking firms with a good growth potential and doubted that its IPO project is a good idea.
Source: Invest IQ
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