Uzbekistan's People's IPO: Citizens Become Shareholders
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Uzbekistans Peoples IPO program, launched in 2024, turned everyday citizens into shareholders in major state-owned companies. The UZEX initial offering, priced at $0.89 to $1.24, received 12,600 applications, raising nearly €3 million, and was oversubscribed by 128%. This initiative, part of broader economic reforms, aims to reduce state control, boost private stakes, and foster a share-owning culture. The programs success, despite technical challenges and limited financial literacy, could transform Uzbekistans finance culture, making citizens active players in growth.
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