Kazakhstan-based fintech company Kaspi.kz has made its initial public offering paperwork public, revealing a surge in profits and revenue for the most recent quarter. Kaspi.kz, valued at nearly $19 billion on the London Stock Exchange, plans to pursue a U.S. listing to reach a more extensive and diverse investor base. The company reported net income of 232.49 billion Kazakh tenge ($512 million), a 40% increase from the previous year, and revenue growth of nearly 51% to 508.44 billion Kazakh tenge, for the three months ending September 30.
Kazakh Fintech Giant Kaspi.kz Makes US IPO Filing Public
