Qiwi PLC (NASDAQ:QIWI) has priced its previously announced underwritten public offering at $40.00 per American Depositary Share (ADS) for a total sale of 7.97333 million Class B shares, Of that total 1.993330 million Class B Shares represented by ADSs will be issued and sold by the company and 5.98 million Class B Shares represented by ADSs will be sold by shareholders. 

Proceeds will be used for general corporate purposes, which may include potential mergers and acquisitions and other general corporate purposes, including working capital and capital expenditures. QIWI will not receive any proceeds from sale by the selling shareholders. 

Separately, QIWI has announced a partnership with payment service provider GlobalCollectthrough which GlobalCollect has integrated QIWI into its portfolio of payment products.By adding QIWI to its payment mix, GlobalCollect merchants gain access to more than 70 million consumers in Russia and the CIS. The company is seeing strong demand across all industries, with gaming and digital media companies among the first to start accepting QIWI payments through GlobalCollect. 

Shares of QIWI are down $0.62, or 1.49%, at $41.00 in early pre-market trading with a 52-week range of $19.74 – $59.24.