By Kanat Shaku in Almaty Kazakhstan’s heavyweight fintech Kaspi has generated around $1bn for primary shareholders with an expanded initial public offering (IPO) on the Nasdaq. The LSE-listed “SuperApp” business was valued at $17.5bn on the US exchange on January 19, when its shares debuted 0.5% above their offer price. Analysts saw the debut as lukewarm. In London, the company’s valuation exceeds $19bn. Investors sold 11.3mn American depositary shares of Kaspi.kz at $92 each, with the offering upsized from 9mn shares. The price represented a 5.3% discount from the closing level of Kaspi’s Lon…