Uzbekistan’s successful first-ever IPO on the London Stock Exchange is expected to become a turning point for the country’s financial future, encouraging more Uzbek companies to seek international listings and global investors.
The National Investment Fund of Uzbekistan (UzNIF) raised more than $600 mln through its dual listing in London and Tashkent, attracting demand that far exceeded expectations. Analysts say the strong investor interest demonstrates growing international confidence in Uzbekistan’s economic reforms and long-term market potential.
Fund representatives believe the IPO could pave the way for a new generation of Uzbek companies entering global...