The offering placed shares equal to 5% of Kvarts’ capital with domestic and international investors. Portfolio Investments acted as lead underwriter alongside Freedom Finance.
Kvarts completed a secondary public offering of shares representing 5% of the company’s charter capital, raising approximately UZS 16 billion from local and international investors.
The placement achieved a weighted-average price of UZS 3,278.16 per share. Portfolio Investments acted as lead underwriter alongside Freedom Finance, combining investor distribution with local-market execution.
By 24 December 2019, the shares were quoted at UZS 3,700 on the secondary market. The transaction remains an early reference point for follow-on equity offerings in Uzbekistan.
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