Kazakhstan's Kaspi valued at $6.5 bln in London IPO - bookrunner

Oct 8 (Reuters) - Banking and fintech firm’s initial public offering on the London Stock Exchange will be priced between $28.50 and $33.75, a bookrunner said on Thursday, valuing the company at up to $6.5 billion.

Last month, the company, which controls the third-largest bank in Kazakhstan and operates a payments and ecommerce business, announced its listing plan, a year after it had abandoned the move. (Reporting by Aakash Jagadeesh Babu in Bengaluru; editing by Uttaresh.V)


Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories as they break around the world every day. A global team of about 30 correspondents in New York, London, Hong Kong and other major cities provides expert analysis in real time.

Sign up for a free trial of our full service at and follow us on Twitter @Breakingviews and at All opinions expressed are those of the authors.