Uzbekistan Fund Rises to $26 on London Debut After $604 Million IPO

1 articles · Updated · Bloomberg · May 13

$26 was the opening price for Uzbekistan’s national investment fund in London, up from the $25 fixed IPO price set by the government.
$604 million was raised after the Ministry of Economy and Finance sold 23.4 million global depositary receipts, part of a broader dual listing in London and Tashkent.
31% of UzNIF was sold in the offering, implying a total valuation of about $1.95 billion for the fund.
The debut marks a significant overseas market test for Uzbekistan’s state-backed investment vehicle as it seeks to attract international capital.

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