Post IPO Highlights (Oct, 14 – Oct, 20)

Kaspi.kz Acquires Majority Stake in Hepsiburada

Joint Stock Co Kaspi.kz (KSPI)

Kaspi.kz (NASDAQ: KSPI), a Kazakhstan-based fintech company, is set to become the controlling shareholder of Hepsiburada, a leading Turkish e-commerce platform. The deal, valued at approximately $1.127 billion, involves Kaspi.kz acquiring 65.41% of Hepsiburada’s shares from its founder Hanzade Doğan and other shareholders. This strategic move expands Kaspi.kz’s reach into Türkiye’s growing e-commerce market, adding Hepsiburada’s 12 million customers and 101,000 merchants to its ecosystem.

Both companies emphasize a shared commitment to innovation and customer service, with Hepsiburada already demonstrating profitability. The deal is expected to close in the first quarter of 2025, pending regulatory approvals. While both brands will operate independently, they plan to leverage their combined expertise to further develop e-commerce and digital services in their respective markets.

NIP Group expands into talent management with Young Will acquisition

NIP Group Inc. (NIPG)

NIP Group (NASDAQ: NIPG), a digital entertainment company, is acquiring Young Will, a Chinese talent management company specializing in short-form video content and influencer marketing. This strategic move strengthens NIP Group’s position in the talent management sector and expands its digital entertainment ecosystem. Young Will, with over 115 million followers across Chinese social media platforms, brings a strong roster of influencers and expertise in teen culture-themed content, aligning with NIP Group’s target demographic.

The acquisition will allow NIP Group to diversify its revenue streams, enhance its talent development and commercialization capabilities, and create operational synergies with its existing businesses, such as game publishing. The transaction will be completed in phases, with NIP Group acquiring 61% of Young Will’s parent company initially and the remaining shares over the next few years.

Membership