Kaspi.kz shareholders raised $1 billion during an IPO in the USA – Kommersant
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Shareholders of the Kazakh fintech holding Kaspi.kz raised about $1 billion during an IPO on the American NASDAQ exchange, reported Bloomberg. The day before, 11.3 million American depositary shares (ADS) were sold at $92 per share, against the originally planned 9 million.
“The selling shareholders have granted the underwriters the option to purchase up to 1 million 695 thousand additional ADS to cover over-allotments, if any, within 30 days after the date of the final prospectus. The offering is expected to close on January 23, 2024, subject to customary closing conditions,” it later said. companies.
The selling shareholders were Vyacheslav Kim (25% of shares), Mikhail Lomtadze (23%) and Asia Equity Partners Limited (28%). The company did not make a profit from the IPO. According to Bloomberg, the placement organizers are Morgan Stanley, JPMorgan and Citigroup, additional bookrunners are Susquehanna Financial Group, LLLP and Wolfe | Nomura Alliance. The company’s shares will be traded on NASDAQ under the KSPI index from January 19.
The fact that Kaspi plans to obtain a listing on a stock exchange in the United States became known in April 2023. In December 2022, Kaspi filed with the US Securities and Exchange Commission (SEC) for an IPO. The company’s securities are also traded on the Kazakhstan Stock Exchange and the London Stock Exchange.
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