OSH, May 22. /Dunyo IA/. Kyrgyzstan’s news agency “24.kg” published an article titled “Uzbekistan’s Economy is Reaching the Global Level,” dedicated to the country’s first-ever international public offering of shares, reports Dunyo IA correspondent.

According to the agency, the National Investment Fund of Uzbekistan (UzNIF), in cooperation with Franklin Templeton, simultaneously launched an IPO (Initial Public Offering) on the London and Tashkent stock exchanges.

The publication notes that the event has become one of the largest financial developments in the region in recent years. As a result of the offering, UzNIF raised $603.6 million, while investor demand exceeded supply by four times.

It was also reported that BlackRock, Franklin Resources, and other international funds expressed readiness to purchase approximately $300 million worth of Global Depositary Receipts (GDRs) as part of the IPO.

According to 24.kg, Uzbekistan’s economic reforms and the growing interest from global investors are strengthening the country’s position as one of Central Asia’s key financial and investment hubs.