Updated
Updated · Bloomberg · Jun 16
UzNIF Starts Uzbekistan Airways IPO Preparations, Seeks Advisers This Month
Updated
Updated · Bloomberg · Jun 16

UzNIF Starts Uzbekistan Airways IPO Preparations, Seeks Advisers This Month

1 articles · Updated · Bloomberg · Jun 16

Summary

  • UzNIF will begin selecting equity capital markets advisers this month to prepare an IPO of Uzbekistan Airways, marking the next step in the fund’s fundraising plan.
  • Marius Dan, chief executive of Franklin Templeton Central Asia, said at the Tashkent International Investment Forum that the adviser search will also cover some other portfolio companies.
  • The airline listing preparation signals UzNIF is moving from broad capital-attraction strategy toward execution, starting with external IPO advisers before any share sale process.

Insights

Can a US manager truly add $700M to Uzbekistan Airways' value before its upcoming international IPO?
Will its airline's IPO allow Tashkent to overtake rivals as Central Asia's premier aviation hub?