State-owned energy firm KazMunaiGaz has raised about $2bn (€1.6bn) in the largest flotation to date by a Kazakh company, after pricing its stock last night close to the top of its price range.

KazMunaiGaz's flotation beats the previous record set by copper producer Kazakhmys, which last year raised $1.2bn.

Harry Wilson

Kazakhmys

Credit Suisse

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KazMunaiGaz smashes Kazakh IPO record

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