Kazakh fintech Kaspi.kz says preparing for U.S. listing
24/04/2023 09:18
ALMATY, April 24 (Reuters) - Kazakh fintech and banking
business Kaspi.kz KSPI.KZ KSPIq.L said on Monday it was
preparing for a U.S. listing, as it reported its adjusted
first-quarter profit jumped by 52% year on year to 178 billion
tenge ($389 million).
The board of Kaspi.kz, which is already listed in Kazakhstan
and on the London Stock Exchange, has proposed a dividend of 750
tenge per global depository receipt (GDR).
"We see multiple potential benefits from a US listing,
including an enlarged, more diverse shareholder base and
increased trading liquidity," Kaspi.kz said in a statement.
"We have now started to prepare for such an event, albeit
remain in the early stages, with any transaction naturally
contingent upon market conditions."
($1 = 457.1900 tenge)
(Reporting by Olzhas Auyezov; Editing by Alexander Smith)
((olzhas.auyezov@thomsonreuters.com; +7 727 2508 500; Reuters
Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))