The offering raised UZS 33.25 billion and attracted subscriptions equal to 131% of the amount offered. Portfolio Investments acted as lead underwriter, with NBU and SQB as co-underwriters, and supported retail distribution.
Uzbektelecom’s IPO was completed at UZS 6,000 per share, generating gross proceeds of UZS 33.25 billion. Investor subscriptions reached UZS 43.6 billion, equivalent to 131% of the offered amount.
Portfolio Investments acted as lead underwriter within the underwriting consortium, alongside NBU and SQB as co-underwriters, and supported investor onboarding and distribution. More than 15,000 brokerage accounts were opened through the Jett investment service, while approximately 10,950 funded retail accounts participated in the offering.
The transaction remains an important reference point for broad-based retail participation in Uzbekistan’s equity market and for the distribution infrastructure required for future state-asset offerings.
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