Uzbekistan’s Aloqabank aims for stock market debut

Uzbekistan’s Aloqabank aims for stock market debut
/ bne IntelliNews
By Muzaffar Ismailov in Tashkent April 19, 2023

Uzbekistan’s Aloqabank has chosen an underwriter to conduct an initial public offering (IPO).

According to the terms of reference, the bank plans to place up to 5% of its shares on the Tashkent Stock Exchange in an offering that the lender expects to complete by the end of the year.

Aloqabank was included on a government list of 40 state-owned companies, the shares of which were earmarked for sale in a "People's IPO". Within the framework of that offer, the state intends to offer up to 2% of the bank's shares to a wide range of investors through an online auction.

 

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