BAKU, Azerbaijan, October 7. Uzbekistan’s UzAuto Motors JSC will place its shares on the stock exchange, Trend reports via Uzbek media outlets.
In Uzbekistan, this is the first initial public offering (IPO) by a large state-owned company.
At the first stage, UzAuto Motors will place up to 5 percent of shares on the Tashkent Republican stock exchange, which can be purchased by individuals and legal entities.
The company's net profit in 2021 was $166 million, with a production volume of 235,000 vehicles.
This year, the company plans to increase production to 340,000 vehicles.
