• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12653.32
    • RUB161.89
    • EUR14822.1
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +25°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Uzbekistan

    UzAuto Motors' IPO is set to become largest stock offer in Uzbekistan

    UzAuto Motors' IPO is set to become largest stock offer in Uzbekistan

    UzAuto Motors, Uzbekistan's sole car manufacturer has announced the launch of longly anticipated IPO process.

    Foto: “Daryo” / Bahora Sadirdinova

    Photo: “Daryo” / Bahora Sadirdinova

    This is the first public offering (IPO) by a large state-owned company in Uzbekistan.

    The company will place up to 5 percent of its shares on the "Tashkent" stock exchange, which can be purchased by individuals and legal entities.

    Deputy Minister of Finance Odilbek Isokov, chairman of the board of "Uzavtosanoat" Shavkat Umurzokov and CEO of UzAuto Motors Bo Andersson took part in the event.

    Public placement of UzAuto Motors shares and attracting the private sector to investments is an important step for the company's strategic development. The company's rapid development and many achievements in recent years have made it a reliable investment partner, - said Shavkat Umurzakov.

    He noted that UzAuto Motors has turned from a loss-making and subsidized company into the largest and most profitable car manufacturer that has established production in foreign countries.

    In July of this year, the underwriter of UzAuto Motors was selected by the Freedom Broker investment company based on the results of the tender.

    Analysts expect the car manufacturer's share price to increase after the IPO, as it is a reliable and profitable enterprise, - commented Yevgeny Mojeyko, executive director of Freedom Broker.

    In other countries, securities of large national companies work well as an investment tool, and it is expected to be effective in Uzbekistan as well.

    Analysts' forecasts are based on the economic indicators of the car manufacturing enterprise - since 2020, UzAuto Motors has been among the top ten largest taxpayers in Uzbekistan.

    The company's net income in 2021 was $166mn , the production volume was 235,000 cars.

    This year, it plans to increase production to 340,000 cars, which would lead to a significant increase in net profit.

    By 2026, revenue is expected to double compared to 2021.

    The attractiveness of UzAuto Motors confirms the interest in its stocks in the international capital market.

    In 2021, the automaker placed $300mn worth of Eurobonds on the London Stock Exchange. Then the demand exceeded the offer by 5 times.

    08.10.2022, 15:08   Comments (0)   2966
    Facebook Twitter LinkedIn Telegram Email
    Khidoyatkhon Atabaev

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    "Sijjak" resort, once owned by Gulnara Karimova, to go under hammer again

    08.10.2022, 14:04

     Border guards of Uzbekistan meet with Taliban on Hairatan Bridge

    08.10.2022, 12:52

     Economist Abdulla Abdukadirov comments on Lukashenko's ban on raising prices

    08.10.2022, 12:27

    Nearly 100,000 cases of law violations detected at Davxizmat.uz public centre in Uzbekistan 

    08.10.2022, 12:20

    Uzbek Government announces scheme of renewable energy sources trade from public 

    08.10.2022, 10:35

    Shavkat Mirziyoyev takes part in informal Summit of CIS member states in St. Petersburg

    07.10.2022, 23:38
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Beeline Uzbekistan started 2025 with a significant network modernization


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024

     

    Recommended

    Iran as the pressure point: How Washington’s campaign against Tehran seeks to undercut China and Russia - and why Central Asia risks the fallout

    19 June, 12:24

    "Visa simplification with Uzbekistan could be on the table," EU Ambassador Klaar points out

    11 June, 12:12

    “Uzbekistan is undergoing large-scale reforms and transformation,” says EU business leader at TIIF

    11 June, 08:34

    Central Bank warns half of monthly income goes to loans as debt burden rises in Uzbekistan

    3 June, 12:34
     
     
     

    Latest news

    Uzbekistan responds to UN opinion on Karimova case, cites compliance with legal procedures

    Uzbekistan | 9 July, 18:10

    Uzbekistan’s IT Park adds 58 export-focused firms in June, including 29 with foreign capital

    Uzbekistan | 9 July, 17:02

    Azerbaijan vs Russia: why a bilateral quarrel is reverberating across Central Asia

    World | 9 July, 15:42

    Uzbekistan and Azerbaijan aim to host FIFA U-20 World Cup 2027 with joint bid

    Uzbekistan | 9 July, 14:33

    Uzbekistan’s population nears 38mn as of July 1, 2025

    Uzbekistan | 9 July, 13:31

    Uzbekistan residents worry over utility and fuel costs as Central Bank survey shows mixed inflation expectations

    Uzbekistan | 9 July, 12:00

    Mirziyoyev reviews crime prevention progress in Uzbekistan, calls for expanded measures

    Uzbekistan | 9 July, 10:30
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.