The largest IPO by the total cost of shares in the history of the stock market of Uzbekistan was completed - UzAuto Motors shares were placed at the Tashkent Stock Exchange through initial public offering (IPO).
In recent years, the company's development efforts and a number of successes have paved the way for investment cooperation and strengthened relations. As a result, IPO of UzAuto Motors JSC became a long-awaited reality on the securities market of Uzbekistan. Company's shares for 56,9 billion sums were floated at Republican Stock Exchange with 80% mutual distribution belonging to institutional investors (juridical entities) and remaining 20% - to individuals.
First public offering of "UzAuto Motors" JSC is first step of large state enterprises in the process of privatization and development of capital market in our republic. It should be noted that IPO of UzAuto Motors JSC is the first IPO conducted in the local stock market after the pandemic of coronavirus and the global economic crisis. Undoubtedly, this reality will positively influence on activation of local investors and economic integration of the company into the world community.
