Russian e-payment system Qiwi will place 8 million depository receipts in the US in its secondary public offering (SPO), according to documents of the US Securities and Exchange Commission (SEC). Qiwi will issue and sell 1.99 million securities, and 5.98 million securities will be sold by its shareholders.

The company filed documents to the SEC to pass the registration procedure. Qiwi will spend the raised funds on corporate purposes and capital expenditures.

Credit Suisse Group AG and VTB Capital are the book runners. US financial company William Blair & Co LLC and Russian investment company Aton are the co-organizers of the SPO.

Qiwi held an SPO in October 2013 and raised then $287.5 million. The company placed 9.5 million American Depository Receipts (ADRs) at $30.5 per receipt.

Qiwi is a Russian payment system, providing money transfer services via physical, Internet and mobile channels. The system services about 15.5 million e-wallets, over 167,000 booths and terminals. The company is owned by its top-managers, as well as domestic Internet company Mail.Ru Group, holding 17.6%, and Japan’s Mitsui, holding 6.9%.