The National Investment Fund of Uzbekistan has begun trading on the London Stock Exchange. This is the country’s first international IPO. The fund’s portfolio includes stakes in 13 state-owned companies operating in the energy, banking, telecommunications, and aviation sectors. According to experts, listing on this financial platform indicates that the organization meets the requirements of transparency, effective corporate governance, and investor relations. Notably, part of the shares was also placed on the Tashkent Stock Exchange. In total, more than $600 million was raised during the IPO.
«I think today’s milestone, landmark IPO
of the National Investment Fund of the Republic of Uzbekistan showcases the
level of interest from institutional investors in the country. This was the
first international equity transaction from the country, and I think it speaks
volumes about the investments trust in the country, in the reform process,» noted
Marius
Dan, the head of the investment company’s office in Tashkent.
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