Tashkent, Uzbekistan (UzDaily.com) —  The People’s IPO program is designed to establish a broad base of shareholders from various segments of the population in Uzbekistan. This was announced by Alisher Miraliyev, Deputy Director of the State Assets Management Agency.

Miraliyev spoke at the VI International Conference on the Capital Market of the Republic of Uzbekistan, organized by Cbonds-Congress and the National Association of Investment Institutions.

During the conference, Miraliyev provided details about the public offering of shares of major companies under the People’s IPO program, following the principle of "one share - one lot."

He emphasized that the main goal of the People’s IPO program is to create a wide base of shareholders across different social strata in the country. In this context, he mentioned the initial (IPO) and secondary (SPO) public offerings of shares from companies such as Almalyk Mining and Metallurgical Complex, Uzbektelecom, Uzbek Republican Commodity and Raw Materials Exchange, and Uztemiryulcont.

In addition to traditional methods of submitting applications on the RFCT "Tashkent" trading platform, local investors will be able to apply through the electronic trading platform "E-auksion," including its mobile app, which has proven to be a popular and convenient tool among users.

The "E-auksion" platform will operate online 24/7, providing the ability to verify applicants (ERI, One ID, and Mobile-ID) in accordance with securities market legislation, choose a professional broker, sign a contract with them, open a depot (account for shares and bonds), and submit applications to acquire shares.