Uzbekistan Prepares Five State-Owned Companies for International IPOs

On 6 November, Uzbekistan’s plans to list five major state-owned companies during 2027–2028 were highlighted, including Uzbekistan Airways, National Electric Grid of Uzbekistan, Uzbekhydroenergo, Uztelecom and Uzsanoatqurilishbank. The country’s earlier National Investment Fund share sale generated $692 million for the state budget, while individual valuations and fundraising targets for the upcoming IPOs have not been disclosed. This creates opportunities for investment banks, auditors, valuation firms and institutional investors; HPC can facilitate investor introductions and corporate finance partnerships.

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