OREANDA-NEWS. QIWI (NASDAQ: QIWI; MOEX: QIWI) announced today the start of trading of its American Depositary Shares (ADSs), which represent its Class B shares, on Moscow Exchange.

The ADSs are to trade on the Innovation and Investment Market (ticker: QIWI), with pricing and settlement of the Company's securities made in RUB.

QIWI CFO Alexander Karavaev said, “Listing on Moscow Exchange will open to our partners, including QIWI agents, direct access to the Company's ADSs. We believe that this will contribute to the expansion of our investor base and will be positive for the development of QIWI's core business”.

Moscow Exchange Deputy CEO Andrey Shemetov commented, “We are pleased that more and more companies operating in Russia, but listed on foreign exchanges, are recognising the advantages of listing on Moscow Exchange as well. QIWI carried out a successful IPO in the US this year and is now also offering Russian investors the opportunity to assess its investment perspectives. The same securities will be traded on Moscow Exchange and on NASDAQ, allowing for flow of liquidity between the two exchanges”.

Aton Corporate Finance Director Agaron Papoyan said “Aton acted as co-manager of secondary public offering (SPO) of QIWI's ADSs. The transaction is unique because it was the first time in the history of the Russian securities market when NASDAQ-listed securities have been sold on a Russian exchange, and Russian investors received an opportunity to trade these securities through the facilities of the Moscow Exchange”.

On 1 October 2013 a number of QIWI's shareholders sold in the secondary offering 9 427 546 ADSs at a public offering price of USD 30.5 per ADS. This is approximately 18.1% of the Company's issued share capital. The initial placement of the Company's shares (IPO) occurred on 3 May 2013 with the price of USD 17.0 per ADS.