May 17, 2026 21:43
A defining moment for Central Asia
People walk in the capital Tashkent. (AFP)
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A defining moment for Central Asia
The upcoming initial public offering of Uzbekistan’s National Investment Fund marks a turning point for Central Asia. With $2.4 billion in assets and a valuation of $1.95 billion — implying a discount of roughly 20 percent — the offering is intended to do more than raise capital. Uzbekistan wants to establish its credibility as an investment destination. But the IPO also represents a regional milestone.
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