Report: Payment service Qiwi cancels SPO – source

MOSCOW, Jul 22 (PRIME) -- Russian payment system operator Qiwi cancelled on Wednesday its secondary public offering, Reuters reported citing sources familiar with the situation.

Qiwi said earlier in July that its current shareholders planned to sell 6.8 million Class B shares in terms of American depositary shares (ADSs).

The selling shareholders granted the underwriters a 30-day option to purchase up to an additional 1,020,130 ADSs.

J.P Morgan Securities, UBS Securities, and VTB Capital were acting as joint book-running managers for the offering.

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