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MarketScreener Homepage  >  Equities  >  Kazakhstan Stock Exchange  >  Kaspi Bank JSC    KSPI   KZ1C00001536

KASPI BANK JSC

(KSPI)
End-of-day quote. End-of-day quote Kazakhstan Stock Exchange - 10/24
4750 KZT   0.00%
10/08Kazakhstan's Kaspi valued at $6.5 billion in London IPO - bookrunner
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10/02Kazakhstan's Kaspi plans London listing for October
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09/25Kazakhstan's Kaspi revives London float plan
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Kazakhstan's Kaspi revives London float plan

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09/25/2020 | 04:57am EDT
FILE PHOTO: The Kaspi Bank logo in seen at the bank's branch in Almaty

Kazakh banking and fintech firm Kaspi.kz announced on Friday it intended to list on the London Stock Exchange, reviving plans it had abandoned a year ago.

The company, which controls the third largest bank in Kazakhstan and operates a payments and ecommerce business, said it planned to sell shares held by owners including Baring Vostok funds, Goldman Sachs, Kaspi.kz board chairman Vyacheslav Kim, and management including Chief Executive Mikheil Lomtadze.

Reuters reported on Thursday that Kaspi.kz had decided to try again for a London listing after Yandex's planned purchase of Russian online bank Tinkoff established a comparative valuation and appeared to be well received by the market.

Kaspi's popular mobile app has made it a household name in the oil-rich Central Asian nation of 19 million. But it sought to stress in its statement the growing share of non-bank income in its consolidated profit which comes from ecommerce and payments, sectors boosted by the pandemic.

The Kaspi app has, for example, been used by many retailers both to sell goods through its marketplace and to accept payments, the latter option commonly available even at corner shops as an alternative to cash.

Kaspi outlined growth plans on Friday including expansion into new businesses such as online travel and geographies such as nearby Central Asian countries and the Caucasus region.

The company did not say what stake its shareholders intended to sell or how much they were looking to raise. Previously, sources told Reuters it was aiming for $500-700 million.

Kaspi said it would also offer its shares on the Astana International Exchange. It is already listed on another local bourse, the Kazakh Stock Exchange, but the stock's free float is tiny with little trading activity.

Morgan Stanley and Citigroup are acting as joint global coordinators of the deal and, along with Renaissance Capital, as joint bookrunners.

(Reporting by Rachel Armstrong and Olzhas Auyezov; editing by Carolyn Cohn, Jason Neely and David Evans)


Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -1.57% 43.26 Delayed Quote.-45.85%
KASPI BANK JSC 0.00% 4750 End-of-day quote.0.00%
LONDON BRENT OIL 0.49% 40.66 Delayed Quote.-37.71%
LONDON STOCK EXCHANGE PLC 1.21% 8524 Delayed Quote.8.67%
MORGAN STANLEY -2.99% 50.32 Delayed Quote.-1.56%
THE GOLDMAN SACHS GROUP, INC. -1.90% 201.14 Delayed Quote.-12.52%
WTI 0.53% 38.775 Delayed Quote.-36.11%
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All news about KASPI BANK JSC
10/08Kazakhstan's Kaspi valued at $6.5 billion in London IPO - bookrunner
RE
10/02Kazakhstan's Kaspi plans London listing for October
RE
09/25Kazakhstan's Kaspi revives London float plan
RE
09/24EXCLUSIVE : Kazakhstan's Kaspi may revive London float after Tinkoff deal- sourc..
RE
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Financials
Sales 2019 357 B 831 M 831 M
Net income 2019 194 B 451 M 451 M
Net cash 2019 486 B 1 130 M 1 130 M
P/E ratio 2019 -
Yield 2019 -
Capitalization 8 344 M 8 344 M 19,4 M
EV / Sales 2018 -
EV / Sales 2019 -
Nbr of Employees 3 621
Free-Float -
Chart KASPI BANK JSC
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Income Statement Evolution
Managers
NameTitle
Mikhail Lomtadze Chief Executive Officer & Executive Director
Vyacheslav Konstantinovich Kim Chairman
Pavel Vladimirovich Mironov Deputy CEO & Chief Operating Officer
Tengiz Mosidze Deputy CEO & Chief Financial Officer
Nikolay Zinoviyev Non-Executive Director