Kaspi.kz is set to launch an IPO in London by the end of the year . The fintech , which controls financial markets and is a major player in Kazakhstan 's payment systems and e - commerce markets , will offer existing shares in the form of global depository receipts . Reports have claimed that the company will receive an investment of at least $ 500 m , targeting a valuation of around $ 5000 .
Kaspi.kz is set to launch an IPO in London by the end of the year. The fintech, which controls Kaspi Bank and is a major player in Kazakhstan's payment systems and e-commerce markets, will offer existing shares in the form of global depository receipts. Reports have claimed that the company will file an offering of at least $500m, targeting a valuation of around $5bn.