EBAY: It looks like Qiwi's (QIWI) IPO was priced...

11:14 AM It looks like Qiwi's (QIWI) IPO was priced just right (though some buyers may disagree). After pricing its 12.5M-share offering at $17, the Russian online payments leader opened at $17.13 and is currently at $17.17, up 1%. That gives Qiwi a valuation of $879M, or 33x its 2012 net income. Qiwi competes with Yandex.money - Yandex (YNDX) recently sold a 75% stake in the business to Sberbank for $60M. PayPal (EBAY) isn't a major rival right now, but that might change, given it recently won approval to function as a non-credit banking institution in Russia. (F-1) (financial data) Read comments

EBAY price at time of publication: $54.20. Check EBAY price now »

Get Seeking Alpha notifications with our iPhone App | Android App | iPad App

Focus Articles on EBAY

• Did eBay's Revenue Growth Foreshadow An End To Amazon's Growth Decline? by Ryan Macumber
• PayPal And GSI Are eBay's Trump Cards by Bram de Haas
• eBay: A Compelling Buy On Recent Weakness by Philip Saglimbeni

Press Releases on EBAY

• eBay Inc. Reports Strong First Quarter 2013 Results (Business Wire)
• eBay Inc. Expects to Enable $300 Billion of Global Commerce in 2015 (Business Wire)
• eBay Inc. Reports Strong Fourth Quarter and Full Year 2012 Results (Business Wire)

Related Articles on EBAY

• Wall Street Breakfast: Must-Know News by Wall Street Breakfast
• Amazon's A Momentum Darling; Here's 12 Reasons That Momentum May End by David White
• Amazon: Is Future Growth Enough To Justify Current Valuation? by IAEResearch

StockTalk on EBAY: EBAY StockTalk | Twitter EBAY | Twitter $EBAY | EBAY Instablogs

Recent Market Alerts on EBAY: All currents | Earnings | Dividends | M&A | On the move

Transcripts on EBAY

• eBay's CEO Hosts 2013 Annual Stockholders Meeting (Transcript)
• eBay's CEO Discusses Q1 2013 Results - Earnings Call Transcript
• eBay Management Discusses Q4 2012 Results - Earnings Call Transcript

---

Why are you receiving this? You subscribed to real-time Market Currents alerts at Seeking Alpha.
If this email was forwarded to you and you wish to subscribe to this email, click here.

Manage your emails:
Get alerts on additional tickers and manage all your email alert choices here
I'm getting too many emails: manage your email alert choices
I'm no longer following EBAY: unsubscribe from all EBAY email alerts
This type of alert isn't helpful to me: unsubscribe from Market Currents (breaking news) alerts on EBAY

To ensure you receive these emails in the future, please add account@seekingalpha.com to your address book, contacts or list of safe senders.

Prices in this email are BATS Last Sale quotes.

Sent by Seeking Alpha, 345 7th Ave. Suite 1400 New York, NY 10001