Education campaign launched to raise people’s awareness of People’s IPO

Samruk-Kazyna Sovereign Wealth Fund has launched a campaign to raise common people’s awareness of the People’s IPO Program, the Fund’s Press Service reported April 24. “660 lecturers are being currently trained to conduct workshops for common people across Kazakhstan after May 11”, the Press Service reports. Plans are there to arrange over 300 public lectures and about 1000 presentations. Speaking at the Nur Otan party congress on February 11, 2011 President Nazarbayev instructed the Government to launch Initial Public Offerings (IPO) for common people. The program is known as People’s IPO. According to President Nazarbayev, the IPO for the general public will enable citizens to purchase shares of the largest Kazakh companies, giving them a new tool for investments and savings. “KazTransOil will be the first company to float its shares, with KEGOC National Power Grid Operator, Air Astana Airlines, KazMorTransFlot Maritime Fleet Operator, Samruk Energo Power Company and KazTransGas to follow the suit in 2013”, the Fund’s Press Service announced April 13. Plans are there to float stakes of Kazakhstan Temir Zholy Railways Operator, KazAtomProm Nuclear Company and KazMunaiGas O&G Company in 2014-2015. Tengrinews.kz reported earlier that www.halyk-ipo.kz has been launched to provide news on the Program, informing visitors on the participating companies and securities market basics.