QIWI is a Russian payment transfer company that provides convenient way of paying for consumer services. The company is headquartered in Moscow, Russia and allows customers to pay their bills via cash payments, online and mobile phones for services rendered by Russian and foreign operators.

On Tuesday, the payment transfer company had priced its float of approximately 8.2 million shares already owned by its stakeholders. The additional shares to float were priced USD30.5 per share piece.

The company had announced the float last September but did not disclose information regarding the price. Mail.RU co-founded QIWI in 2007. The former along with Japan's Mitsui & Co would reduce their holdings as a result of the float, according to market sources cited in a Reuters report.

QIWI appointed Credit Suisse Securities as the sole book running manager for the transaction. The offering was expected to close on or around October 4, said QIWI in a statement. Earlier this year, the company had floated 12.5 million American depository shares on the Nasdaq..