The first step has been taken towards the IPO of shares of “Uzauto Motors” on the stock market
Tashkent, Uzbekistan (UzDaily.com) -- On 5 August 2022, the ordinary shares of JSC “Uzauto Motors” were included in the quotation list (listing) of the Republican Stock Exchange “Tashkent”. The initial public offering (IPO) of the company's shares on the stock market is scheduled for the fourth quarter of 2022 or the first quarter of 2023.
It should be noted that the Decree of the President of the Republic of Uzbekistan, dated 17.01.2022, No. PP-90 prescribes the task of placing shares of JSC “UzAuto Motors” on the stock market by IPO.
To this end, on April 15, 2022, “Uzauto Motors” JSC announced an official competition for the selection of underwriters organizing a public offering of shares on the stock market. Following the results of the tender, a consortium of underwriters led by the investment intermediary “Freedom Finance” LLC was recognized as the winner, with whom an agreement was signed on July 7, 2022.
In April 2021, “Uzauto Motors”JSC successfully placed 5-year international bonds worth 300 million US dollars with a coupon rate of 4.85% on the London Stock Exchange.