Tashkent, Uzbekistan (UzDaily.com) — The Agency for State Asset Management, in accordance with privatization programs, announces the start of a new phase of public offering of shares of Uzbekistan’s largest companies under the "People’s IPO" program.

The "People’s IPO" program aims to create a broad class of shareholders among all segments of the population in the country. At this stage, shares of major companies such as Almalyk Mining and Metallurgical Complex, Uzbektelecom, the Uzbek Republican Commodity and Raw Materials Exchange, and Uztemiryulcontainer will be offered for sale based on the "initial/secondary public offering" principle.

As previously reported:

- The International consulting firm KPMG has been engaged as the Strategic Consultant to coordinate the process.

- The consortium "Mosaic Financial" and "Lightman PR" has been hired as PR consultants for organizing a comprehensive informational and promotional marketing campaign.

- Six investment intermediaries, members of the Tashkent Stock Exchange (RSB "Toshkent"), have been included in the list of potential underwriters ("list of winners") and have signed general agreements.

To successfully conduct the "People’s IPO," one or more underwriters, in agreement with the Strategic Consultant, will be assigned specific contracts for the companies participating in the "People’s IPO."

In cooperation with the Strategic Consultant, a comprehensive analysis of the stock issuance and necessary documents for organizing the "People’s IPO" has been conducted, and financial-economic indicators of the companies have been reviewed. A proposal for the initial offering of shares of the Uzbek Republican Commodity and Raw Materials Exchange has been prepared.

The Strategic Consultant is also conducting a thorough analysis of other companies and developing recommendations regarding their readiness for the initial public offering of their shares, compliance with standards, and requirements for public placement.

For the public offering of shares of the Uzbek Republican Commodity and Raw Materials Exchange under the "People’s IPO" program:

- Investment intermediaries "KAPITAL-DEPOZIT," "SATORI IB GROUP," and "SATORI CAPITAL" have been engaged as underwriters for standard services, including receiving applications from potential investors, maintaining a consolidated registry of applications, and organizing the "People’s IPO."

- In addition to existing methods of receiving applications used on the Tashkent Stock Exchange, applications from local investors will also be accepted through the electronic trading platform "E-auksion," including its mobile application.

To ensure the success of the "People’s IPO" for shares of the Uzbek Republican Commodity and Raw Materials Exchange, underwriters will have the opportunity to collaborate with commercial banks that offer the required mobile applications.

It is important to note that to provide broad access for all segments of the population to participate in the "People’s IPO" based on the "one share—one lot" principle, the "E-auksion" platform will be used, which has become popular among citizens and user-friendly. Applications from all interested residents of Uzbekistan (both individuals and legal entities) will also be accepted through this platform.

The platform will offer:

- Online identification of applicants (ERI, One ID, and Mobile-ID) as required by securities market legislation.

- Selection of a professional broker and contract signing.

- Opening of a depository account (account for shares/bonds).

- Submission of applications by local investors for purchasing shares.

Details on share placement parameters (price range), investment potential materials for the shares of the Uzbek Republican Commodity and Raw Materials Exchange, and information on the application process and deadlines will be further published through the official information channels of the "KapDepo" consortium, the State Assets Agency, the Uzbek Republican Commodity and Raw Materials Exchange, as well as through the media and social networks.

This will ensure public awareness of each stage of the process, and the engaged PR consultants will conduct a wide public information and marketing campaign.