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. In addition to its own cryptocurrency, Kaspi has also launched a new token, called KASPI, that it plans to use for payments on its platform.
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.