The underwriter for the initial public offering (IPO) was selected for Aloqabank's shares, the Commodity Exchange's tender section shows.
Applications for the IPO were accepted from March 23 to 29, and a report on the best offer has been prepared, but the winner of the tender has not been disclosed.
Aloqabank is one of 40 state-owned companies scheduled to be issued for the People's IPO, with 23mn shares planned for issuance. The IPO was originally planned for April 2023, as part of the government's privatization efforts.
An IPO provides companies with a way to attract money and become more public and transparent. It is also an opportunity for individuals to become owners of a part of a large company and receive a share of profits. The public IPO in Uzbekistan is only available to citizens of the country.
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