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Cost of People's IPO shares to be announced in August

18 мая 2012, 14:32
Photo by Danial Okassov©
Photo by Danial Okassov©
Cost of the shares of the national companies participating in the People’s IPO program will be announced in August, Tengrinews.kz reports citing Director of Information-Analytical Department of Samruk-Kazyna National Welfare Fund Marat Aubakirov as saying.

“Our experts are currently working on the cost of the shares. I think that it will be known by August, as it has to be approved by the board and the government,” Marat Aubakirov said and noted that the cost of the shares will not be overstated. “Considering the global experience, we suppose that the prices will be quite acceptable for the people.”

During discussion of implementation of the People’s IPO program Marat Aubakirov said that brokers will start accepting applications for purchase of shares in September. The trading will start later.

“We are planning to list KazTransOil this year. KEGOK will be listed in the beginning of next year. These two companies are the most competitive and their dependence on materials prices is low. We have chosen them for being the most stable and strong companies of Samruk-Kazyna group. Initially we considered up to 450 companies. Right now we have 10 companies in the pool that we plan to list by 2015,” Marat Aubakirov stated. Earlier Tengrinews.kz English reported that over 160 thousand Kazakhstan citizens are expected to take part in the People’s IPO.

By Assel Satayeva

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