Uzbekistan’s National Investment Fund Eyes IPOs in London and Tashkent

Uzbekistan’s National Investment Fund eyes IPOs in London and Tashkent

Managed by a Franklin Templeton company, UzNIF at end-2025 held minority stakes across aviation, energy, banking and telecoms with a $2.4bn net asset value.

Morning briefing: Franklin Templeton brings Uzbekistan fund to London; plus Aurora UK, Capital Gearing, Unite, Fair Oaks, Supermarket Income

UzNIF, the $2.4bn National Investment Fund of the Republic of Uzbekistan managed by Franklin Templeton, has declared its intention to float on the London and Tashkent stock exchanges. Marius Dan, CEO, Central Asia at Templeton Global Investments, said the proposed initial public offer (IPO) was “a defining moment” for Uzbekistan’s capital markets. “UzNIF has a strong and diversified portfolio of strategic assets in Uzbekistan, managed with a sin…

Uznif’s $2.4bn IPO revives London’s appeal as a global financial hub

Uznif’s impending dual listing in London and Tashkent marks a pivotal moment not only for Uzbekistan’s economic liberalisation but also for the UK’s capital markets, which have struggled to attract high-profile IPOs in recent months. The fund’s $2.4bn float, managed by Franklin Templeton, introduces a rare emerging-market growth story to London’s main market—a sector that has been conspicuously… Source

Uzbekistan national wealth fund confirms plan for London IPO

Uzbekistan’s national wealth fund has confirmed plans to plough ahead with a London IPO in what will be the country’s first ever public market debut. In an update to the stock exchange on Thursday, the National Investment Fund of the Republic of Uzbekistan (Uznif) announced it expected to float on both London and Tashkent stock exchanges as part of a nationwide push to open up the historically protectionist country to private capital. The $2.4bn…