Investors on board as Kaspi launches London IPO

By Sam Kerr
02 Oct 2020

Kaspi IPO has officially launched its second attempt at a London listing and already built up a substantial shadow book of demand for the deal.

Citi and Morgan Stanley are bookrunners on the deal. The 100% secondary sale will involve a sale of Global Depositary Receipts (GDRs) on the London Stock Exchange, each representing one ordinary share in Kaspi, which is listed on the Kazakhstan Stock Exchange.

This is the second time Kaspi has ...

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