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Updated · Bloomberg · Apr 29UzNIF initial public offering values Uzbekistan fund at $1.95 billion
9 articles · Updated · Bloomberg · Apr 29
- Uzbekistan’s Ministry of Economy and Finance plans to sell about a 30% stake in UzNIF via a dual listing in London and Tashkent.
- The IPO offers investors a rare opportunity to access Central Asia’s second-largest economy through the national investment fund.
- This move is part of Uzbekistan’s broader efforts to attract foreign investment and modernize its financial markets.
Why is Uzbekistan's new fund valued $500M below its assets before its London IPO? Will the London-Tashkent listing truly empower local investors or just global giants? What do BlackRock and Franklin Templeton see in Uzbekistan's state-owned firms? With its IPO pricing next month, can this fund overcome regional geopolitical risks? Is bundling 15 state firms the best way to modernize Uzbekistan's economy?