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Kazakhstan’s Kaspi valued at $6.5 billion in London IPO

“Banking and fintech firm Kaspi.kz’s KSPI.KZ initial public offering on the London Stock Exchange will be priced between $28.50 and $33.75, giving it an implied market capitalisation of about $6.5 billion, a bookrunner said on Thursday. Last month, the company, which controls the third-largest bank in Kazakhstan and operates a payments and ecommerce business, announced […]