MOSCOW, May 20. /Dunyo IA/. Shares of the National Investment Fund “UzNIF” have been listed on the London and Tashkent Stock Exchanges, reports Dunyo IA correspondent, citing with reference to the Russian news agency “Interfax”.

It is noted that the listing became the largest capital market transaction in the country's history. As part of the IPO, the fund placed Global Depositary Receipts (GDRs) and shares, offering investors approximately 31% of its capital.

The listing price was set at USD 25 per GDR and 4.65 soums per share. The transaction raised approximately USD 603.6 million, which could increase to USD 692 million if the over-allotment option is fully exercised.

Investor demand substantially outstripped supply, surpassing USD 2.8 billion, with the order book oversubscribed more than four times. The transaction attracted major international institutional investors, including “BlackRock”, “Franklin Resources” and “Redwheel”.

It is noted that the IPO was conducted jointly with “Franklin Templeton”, marking Uzbekistan's first-ever international public listing executed simultaneously on two stock exchanges.

As part of the offering, UzNIF GDRs were admitted to trading on the London Stock Exchange, broadening the fund's access to the global capital market.

Saida Mirziyoyeva, Head of the Administration of the President of Uzbekistan, attended the ceremony marking the admission of UzNIF GDRs to trading on the London Stock Exchange.

The Uzbek delegation also held a series of meetings in London with representatives of the UK investment and financial sectors, discussing capital market development, financial regulatory improvements and integration with international clearing systems.