Antis Triantafyllides & Sons advises Qiwi plc on USD 213 million offering on Nasdaq
The firm’s IPO team advised Qiwi plc in its USD 213 million offering on Nasdaq during May 2013. The company issued 12.5 million American depositary shares and granted the underwriters of the sale options on 1.875 million securities.
Following the successful completion of the IPO, we recently advised Qiwi plc on subsequent SPOs, two of which completed in 2015.
We advised with respect to the announced underwritten public offering of 9,427,546 of its Class B Shares in the form of American Depositary Shares (ADSs) by certain of its shareholders. The number of ADSs included 1,229,680 ADSs sold as a result of the full exercise by the underwriters of their option to purchase additional ADSs from the selling shareholders. Qiwi plc did not receive any proceeds from the offering.
Credit Suisse Securities (USA) LLC acted as the sole book-running manager for the offering. VTB Capital plc acted as lead manager, and William Blair and Aton Group acted as co-managers for the offering.
Qiwi plc, based in Nicosia, Cyprus is a leading provider of next generation payment services in Russia and the CIS.
Stelios Triantafyllides assisted by Marilou Pavlou, Elena Bryukhnova, Elvira Georgiou and Alexey Podlesny worked on the transaction.