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Week of Expected Pricing 1/19/2023
Company Name JOINT STOCK CO KASPI KZ
Proposed Ticker KSPI
CUSIP 48581R205
Business Description A two-sided Super App business model which we believe is unique: the Kaspi.kz Super App for consumers and the Kaspi Pay Super App for merchants and entrepreneurs. The Kaspi.kz Super App is Kazakhstan’s most recognized consumer mobile app, according to KResearch, with 13.5 million average monthly active users (“Average MAU”) as of September 30, 2023, 65% of whom access our services daily (“Average DAU”), which is one of the highest levels of daily engagement among selected major mobile applications globally as of June 30, 2023, according to the ADL Report.
Lead Underwriter Citigroup Global Markets Inc, J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC
Co-Managers Nomura Securities International, Inc., Susquehanna Financial Group, LLLP, WR Securities, LLC
Initial Shares 90,00,000
Revised Initial Shares 11,300,000
Initial Price $97.00-$97.00
Revised Price $92.00-$92.00
Final Price $92.00
Final Ticker KSPI

 

 

   
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