The State Assets Management Agency of the republic of Uzbekistan

As previously reported, in order to form a broad class of owners - shareholders among all segments of the population in the country, within the framework of the program "People's IPO" began a new stage of public offering of shares of leading state companies of the country.

On September 26 this year, started public offering of 4.44% (3,326,031) shares of JSC “Uzbek Republican Commodity Exchange" (hereinafter - UZEX) and continued until November 8 this year.

Within the framework of the "People's IPO" program, international consulting company "KPMG" was attracted as a Strategic Consultant, investment company "KAP DEPO" (consortium of underwriters Kapital-Depozit LLC, Satori Capital LLC and Satori IB Group LLC) as an Underwriter.

In addition, in order to ensure a competitive environment in the process of public offering of UZEX shares and to expand the coverage of the public, more than 10 investment intermediaries were additionally involved , such as JSC “Mulk Sarmoya Brokerlik Uyi”, LLC “Freedom Finance”, LLC “Alkes Research”, LLC “Alp Omad Invest”, LLC “Premium Finance”, LLC “Qoraqalpogiston Vaqt”, LLC “Dalal Standart”, LLC “Leader Finance Capital”, LLC “Silk Capital”, LLC “Ishonch Ltd”, LLC “Tat-Reestr” and LLC “Finance Invest Brok”.

To accept investors' applications, in addition to the existing methods on the RSE “Toshkent” trading platform, the opportunity to buy shares online was provided through the electronic trading platform “E-auksion” (ipo.e-auksion.uz) and its mobile application, as well as through the application GoInvest of the company “KAP DEPO” and Jett service ( applications Multicard, Zoomrad, MyUztelecom, DavrMobile) and its web terminal app.jett.uz.

In all regions of the country “Roadshow" presentations were held, within the framework of which meetings with the population were organized with the participation of specialists from the UzSAMA, UZEX, "E-auksion" platform, as well as professional participants of the capital market.

In addition, with the help of assistants of khokims of all districts and cities of the republic, explanatory work was carried out among the residents in mahallas, as well as practical assistance was provided to citizens who showed interest in submitting applications.

As a result, offers were received from 12.6 thousand individuals and legal entities for the amount of 46.6 billion UZS to purchase 3,606,466 shares, which is 108% of the planned volume of placement.

Due to the large number of offers for purchase of shares, in order to ensure popularization of the process and inclusion of wide layers of population in the number of shareholders, applications of individuals for purchase of shares with small volumes at prices in the lower boundary of the price range were satisfied in priority.

Based on the results of selection of offers conducted by the Underwriter on the basis of previously announced criteria, 11,298 applications were satisfied (11,234 individuals and 64 legal entities) for the total amount of 42.9 billion UZS.

It should be noted that according to the decision of the extraordinary general meeting of UZEX shareholders held on October 26, 2024, 4 additional shares for each purchased share within the framework of the program “People's IPO” are provided to investors.

The UzSAMA expresses its gratitude to all stakeholders, including consultants, underwriters and investors who participated in the “People's IPO” program, and expresses confidence that this process will become a starting point for attracting the general public to invest in the leading state companies of the country.