Kaspi.kz is set to launch an IPO in Kazakhstan by the end of the year. The fintech, which controls Kaspi Bank and is a major player in London'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.
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.