The National Investment Fund of Uzbekistan completed its London listing on 18 May after attracting orders of nearly $3 billion and demand exceeding the available offer by more than four times.
The IPO of the National Investment Fund of Uzbekistan marked one of the country’s largest modern capital-market transactions. The international order book reached almost $3 billion, with demand more than four times the size of the offer.
The transaction gives global investors a new listed route to Uzbekistan’s reform story and places added emphasis on portfolio transparency and corporate governance. The official release presents the listing as a milestone in the country’s integration with international capital markets.
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