Freedom Broker announces the results of the IPO of "UzAuto Motors"

As part of the UzAuto Motors IPO, 1383 bids were received for the total amount of UZS 56.9billion which was 29.1% of the total offering.

80.1% of offered shares were allocated to institutional investors and the remaining 19.9% went to retail investors.

UzAuto Motors IPO was x3.6 the size of the previous largest IPO on the Tashkent Stock Exchange (JSC "Quartz" – UZS 15.8 billion).

Conducting IPO/SPOs of large state-owned companies as part of government’s privatization agenda is expected to have a positive spillover effect on future IPOs and increase interest of the private sector to the local capital market.