Joint Stock Company Kaspi.kz
Company Name | Joint Stock Company Kaspi.kz |
Stock Symbol | KSPI |
On September 19, 2024, Culper Research published a report alleging, among other things, that Kaspi "systematically misled U.S. investors and regulators in its repeated claims – especially ahead of the Company’s January 2024 NADSAQ listing – that the Company has zero exposure to Russia." The Culper Research report alleges that, in fact "Russia has contributed materially to Kaspi's reported growth."
On this news, Kaspi’s stock price fell $19.20, or 16.1%, to close at $99.81 per share on September 19, 2024, thereby injuring investors.
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