Uzbekistan Airways and SQB Plan IPO in 2027–2028
The listing of shares of National Electric Grids of Uzbekistan, Uzbekhydroenergo, and Uzbektelecom is also scheduled for this period
In 2027–2028, the initial public offering (IPO) of shares of four major companies and one bank from the portfolio of the Uzbekistan National Investment Fund is planned. The fund's IPO took place on May 18, 2026. On the London and Tashkent exchanges, 35.45% of the fund's shares were listed for $692 million. Demand for them was four times higher than the supply.
In October, the fund met with investors and market participants to discuss the development of portfolio companies and corporate governance. Priorities included IFRS reporting, adherence to the corporate calendar, updating KPIs, long-term financial modeling, strengthening corporate functions, and increasing company value.
