(Finance) – Kaspi.kza fintech company based in Kazakhstan, has the prospectus for listing on Wall Street has been published. The company, already listed on the London Stock Exchange, has asked to list its American Depositary Shares (ADS) on Nasdaq Global Select Market under the symbol “KSPI”. On the London Stock Exchange the company capitalizes over 14 billion pounds.
“With the US listing, we believe Kaspi.kz can reach a broader and more diverse investor base who will be happy to be with us for the next phase of our development,” co-founder and CEO Mikheil Lomtadze wrote in the prospectus.
L’Net income of Kaspi.kz, for the first nine months of 2023 was $1.266 billion on revenues equal to 2.830 billion dollars.
With the Super App Kaspi.kz, consumers can shop online with fast and, in most cases, free delivery from e-commerce, use m-commerce to find and shop at local merchants, book trips and holidays with Kaspi Travel , pay with Kaspi QR across Kazakhstan, shop with buy now pay later (BNPL) products, pay household bills and save for the future, among other services.
“In the long term, the Our ambition is to serve 100 million userscompared to the current 13.5 million – said Lomtadze – With our highly scalable and asset-light Super App business model, we believe we can expand into new geographies as quickly and efficiently as we have expanded into new verticals in Kazakhstan”.