Kaspi.kz commands $17.5 bln valuation in Nasdaq debut (updated)
19/01/2024 17:48
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Jan 19 (Reuters) - Kazakhstan-based banking and fintech
giant Kaspi.kz KSPI.O was valued at $17.51 billion when its
shares debuted 0.5% above their initial public offering price on
Friday.
Kaspi.kz's share sale fetched more than $1 billion for the
company's billionaire executives, co-founder Vyacheslav Kim and
CEO Mikheil Lomtadze, as well as another shareholder, Asia
Equity Partners. No proceeds went to the company.
Its American depositary shares opened at $92.50 each,
compared with the IPO price of $92.
(Reporting by Niket Nishant in Bengaluru; Editing by Devika
Syamnath)
((Niket.Nishant@thomsonreuters.com;))