UzNIF debuts on London market in first international Uzbek IPO

UzNIF debuts on London market in first international Uzbek IPO

The IPO generated more than $2.8 billion (€2.6bn) in investor demand and raised around $603 million (€540m). Officials at the London Stock Exchange described the listing as a landmark moment for Uzbekistan’s access to international capital markets.

Uzbekistan's National Investment Fund Lists Shares on London Stock Exchange for the First Time

The National Investment Fund of Uzbekistan (UzNIF) has listed its shares on the London Stock Exchange (LSE) for the first time, marking the largest initial public offering (IPO) in the country’s history, Gazeta.uz reports. Demand for UzNIF shares reportedly was four times higher than supply, demonstrating a high level of interest from global investors in Uzbekistan’s economic reforms and market opening. IPO (Initial Public Offer…