The market response was strong: on the first day of trading in Tashkent, UzNIF shares surged by more than 70% above the retail placement price, while GDRs in London gained around 10% over several days of preliminary trading.

With total proceeds reaching about $603.6 million, this became the largest IPO in Uzbekistan’s history and another signal of growing international investor confidence in the country’s ongoing economic reforms.

The ceremony was attended by Head of the Presidential Administration Saida Mirziyoyeva, Presidential Adviser on Economic Policy Obid Khakimov, and other officials.
Watch the IPO launch ceremony on YouTube- youtube.com/live/xfutQMmx96E?si=19H1g4qiStKkg_ba