May 25, 2026, 10:21 AM EDT. The National Investment Fund of Uzbekistan completed its first international initial public offering (IPO) on the London Stock Exchange, raising over $600 million. The fund holds stakes in 13 state-owned companies across energy, banking, telecommunications, and aviation sectors. Experts highlight this listing as a sign of meeting international standards of transparency, corporate governance, and investor relations. Shares were also offered on the Tashkent Stock Exchange, signaling growing institutional investor interest in Uzbekistan's reform-driven market, according to Marius Dan, head of an investment firm's Tashkent office.
