Tencent-backed Uzbek start-up eyes pre-IPO funding round in Hong Kong

Tencent-backed Uzbek start-up eyes pre-IPO funding round in Hong Kong

Uzum co-founder Nikolay Seleznev is looking at a potential listing in 2027, including in Hong Kong, London, Abu Dhabi and Nasdaq.

Uzbekistan’s First Tech Unicorn, Uzum, Prepares for IPO in Hong Kong

If Uzum proceeds with its proposed financing round in Hong Kong, it will become the latest Central Asian company to tap into the city’s vibrant capital markets. Uzbekistan’s first technology unicorn, Uzum, is preparing for a final pre-initial public offering (IPO) funding round in Hong Kong next year. This is after successfully raising US$70 million in capital from Tencent Holdings. This is another milestone for Uzum to become a significant play…