TASHKENT, Uzbekistan, November 20. The application process for purchasing shares of the Uzbek Republican Commodity Exchange (UzRCE) came to an end, the UzRCE told Trend.
The State Assets Management Agency of Uzbekistan offered 3.326 million shares of UzRCE, representing 4.4 percent of the company’s total shares, as part of a secondary public offering (SPO). The share price ranged from 12,900 soums to 18,000 soums (from $1.01 to $1.41). The total volume of applications reached 46.9 billion soums ($3.67 million), with 42.9 billion soums ($3.35 million) worth of applications successfully fulfilled.
This initiative was implemented under Presidential Decree No. PP-162, issued on April 19, 2024. The project aimed to make the stock market more accessible to the general public and to enhance trust in the national exchange infrastructure.
The Uzbek Republican Commodity Exchange (UzRCE), established in 1994, is one of the largest trading platforms in Central Asia, facilitating transactions in commodities, industrial goods, and consumer products.