Tashkent, Uzbekistan (UzDaily.com) —  Uzbek Republican Commodity Exchange (UZEX) has raised 42.9 billion soums in the first-ever "People’s IPO" in Uzbekistan’s history. This was reported by the press service of the Uzbekistan Stock Exchange (UZSE).

The secondary public offering (SPO) process and the acceptance of applications for the purchase of shares of JSC " UZEX " under the "People’s IPO" program began on 27 September 2024. The book-building phase concluded on 8 November, and settlements for the shares were completed on 12 November.

During the SPO, UZEX received over 12,600 applications from both local and international investors, with 99% of the applications coming from citizens of Uzbekistan.

As part of the SPO, the Agency for Management of State Assets of the Republic of Uzbekistan sold 3,326,031 shares (4.4%) of UZEX. The price range for the shares was between 12,900 and 18,000 soums.

The total volume of applications reached 46.9 billion soums, of which requests totaling 42.9 billion soums were successfully fulfilled.

Priority in the placement was given to applications from individuals — citizens of Uzbekistan. As a result, 11,234 applications were fulfilled from individuals, and 64 from legal entities.