The Uzbekistan Ministry of Finance announced that the initial public offering of shares in the Uzbekistan National Investment Fund was successfully completed on the London Stock Exchange. It described the deal as one of Uzbekistan’s largest international capital markets transactions and linked it to the country’s economic reform agenda, including wider use of market mechanisms, stronger corporate governance standards and measures to improve the investment environment. According to the release, demand from international investors exceeded the size of the offering by more than four times, with total orders reaching nearly USD 3 billion. The ministry presented the transaction as a sign of rising international institutional investor interest in Uzbekistan and as part of a broader policy drive to strengthen openness and transparency, transform state assets and deepen integration with international financial markets.
Ministry of Finance (Republic of Uzbekistan)2026-05-18
Uzbekistan Ministry of Finance announces successful London Stock Exchange IPO of Uzbekistan National Investment Fund with nearly USD 3 billion in orders
The Ministry of Finance of Uzbekistan announced the successful IPO of the Uzbekistan National Investment Fund on the London Stock Exchange, calling it one of the country’s largest international capital markets transactions and a key element of its economic reform agenda. International investor demand exceeded the offering by more than four times, with total orders nearing USD 3 billion, which the ministry said shows growing institutional interest and progress on openness and integration with international financial markets.