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 (TWTR) and The Container Store (TCS) which have both gained in double digits since they are initial offering.
One particular company which has really surprised the market is Qiwi (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...
Only subscribers can access this article, which is part of the PRO research library covering 3,592 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: