John Mylant
Long/short equity, growth, value, research analyst

Qiwi Has Grown 170% Can An Investor Still Profit?

With the markets continually going up like they have, 2013 was a banner year for IPOs. In fact, 218 companies were brought to market and $56 billion was raised. Some of the more publicized IPOs for the year that also were successful were Twitter (NYSE:TWTR) and The Container Store (NYSE:TCS) which have both gained in double digits since they are initial offering.

One particular company which has really surprised the market is Qiwi (NASDAQ:QIWI). This particular Russian electronic payment system operating company has grown by 170% since it originally debuted in the beginning of May 2013.

Presently, it has deployed approximately 15 million virtual wallets, over 167,000 kiosks and terminals, and enabled merchants to...

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