Qiiwi Games has carried out a primary issuance of shares of approximately SEK 66.5 million at a subscription price of SEK 66.50 per share. The subscription price was determined through an accelerated book-building procedure.
Qiiwi Games is a developer and publisher of games for mobile platforms such as iOS and Android. The company’s current operations started in 2012, with studios in Alingsås, Sweden, and Nicosia, Cyprus. Qiiwi Games focuses on developing mobile games targeting “casual gamers” within the genres Match-3, Word/Puzzle and Trivia.
Pareto Securities acted as sole manager and bookrunner. Baker McKenzie acted as legal advisor to Pareto Securities. Joakim Falkner, Ian Gulam and Per Blom from Baker McKenzie's Capital Markets team in Stockholm were involved in the transaction.