Tashkent, Uzbekistan – Podrobno.uz. The National Investment Fund of Uzbekistan (UzNIF) has for the first time listed a 30% stake in state assets worth a total of $2.4 billion on the London Stock Exchange. The placement of Uzbek shares on the London platform is recognized as one of the largest IPOs on this exchange since 2021.

UzNIF's entry onto the international stage is not just a financial transaction but a crucial step in the country's economic openness and integration with global capital markets.

The listing on such a prestigious global financial market attracted the attention of major international institutional investors. Global investment giants like BlackRock and Franklin Resources (Franklin Templeton) invested in Uzbek assets. Such recognition from leading global investment players indicates rapidly growing international confidence in the republic's reforms.

From the first days of trading, the securities showed confident positive dynamics. With an initial IPO price of $25, by May 13 the price per share had risen to $26. The next day, May 14, it increased to $27.2, and by May 15 it reached $27.25. Thus, in just the first few trading sessions, the value of Uzbek shares grew by almost 9%, confirming Uzbekistan's status as a new focus for global investors.

It is worth recalling that in London, a meeting took place between the head of the Presidential Administration of Uzbekistan, Saida Mirziyoyeva, and the UK Prime Minister's investment adviser Varun Chandra, as well as the trade envoy for Central Asia and Azerbaijan, Lord John Alderdice.

Source: podrobno.uz