World’s Best Investment Banks 2021: Deals Of The Year Advertisement April 05, 2021 Last year was a good one for IPOs generally, and especially for SPAC IPOs, which raised a combined $82.4 billion in the US, a sixfold increase from the previous year, according to Dealogic. Both traditional IPOs and SPACs were represented in Global Finance’s picks for the best—judged for both interest and success in raising capital— investment banking deals of the year. Kaspi.kz’s IPO, with an implied capitalization at $6.5 billion, was the London Stock Exchange’s largest by market cap in 2020. The deal should help the fintech firm expand beyond its native Kazakhstan into the larger Central Asian and Caucasus region. It wins Equity Deal of the Year.