Deputy chairman of Samruk-Kazyna National Welfare Fund Kuandyk Bishimbayev. Photo courtesy of flickr.com
Employees of KazTransOil have bought a fifth part of its shares in the IPO, Tengrinews.kz reports citing deputy chairman of Samruk-Kazyna National Welfare Fund Kuandyk Bishimbayev as saying at the press-conference on the results of KazTransOil shares placement trough the People’s IPO program. “Around one fifth of the applications we received were submitted by KazTransOil employees, which once again tells us of a high trust of the employees to the company’s activities and gives good reasons to believe that we will see a rather high level of participation of the employees of the participating companies in the next stages of the IPO,” Bishimbayev said. According to head of KazTransOil Kairkeldy Kabyldin, preliminary information shows that 67 percent of the 10 percent of the company’s common stock floated through the IPO will be owned by the country’s citizens. “An average spending of one individual is estimated at around 740 thousand tenge ($4,933) per person,” Kabyldin said. Kuandyk Bishimbayev told about the trends in applications submission in the regions. “We believed that broker activities will be the highest in Almaty and Astana. But the results that we currently have show that there were more applications submitted in the regions than in these two major cities and in fact villages was more active than the cities. We received more applications from oblast centers than from Astana and Almaty,” Bishimbayev said. He stressed that agrarian regions were the areas most involved in the People's IPO. “Almaty and Astana are followed by Western Kazakhstan areas. Even the agrarian regions (South Kazakhstan, Karaganda and Akmola oblasts) showed quite a high activeness,” deputy chairman of Samruk-Kazyna said. The results of the People’s IPO show that the demand for KazTransOil shares exceeded the offer two-fold and made 56 billion tenge ($373 million). According to chairman of Samruk-Kazyna Umirzak Shukeyev, the total of 30 thousand applications were submitted. By Aidana Ussupova
Employees of KazTransOil have bought a fifth part of its shares in the IPO, Tengrinews.kz reports citing deputy chairman of Samruk-Kazyna National Welfare Fund Kuandyk Bishimbayev as saying at the press-conference on the results of KazTransOil shares placement trough the People’s IPO program.
“Around one fifth of the applications we received were submitted by KazTransOil employees, which once again tells us of a high trust of the employees to the company’s activities and gives good reasons to believe that we will see a rather high level of participation of the employees of the participating companies in the next stages of the IPO,” Bishimbayev said.
According to head of KazTransOil Kairkeldy Kabyldin, preliminary information shows that 67 percent of the 10 percent of the company’s common stock floated through the IPO will be owned by the country’s citizens. “An average spending of one individual is estimated at around 740 thousand tenge ($4,933) per person,” Kabyldin said.
Kuandyk Bishimbayev told about the trends in applications submission in the regions. “We believed that broker activities will be the highest in Almaty and Astana. But the results that we currently have show that there were more applications submitted in the regions than in these two major cities and in fact villages was more active than the cities. We received more applications from oblast centers than from Astana and Almaty,” Bishimbayev said.
He stressed that agrarian regions were the areas most involved in the People's IPO. “Almaty and Astana are followed by Western Kazakhstan areas. Even the agrarian regions (South Kazakhstan, Karaganda and Akmola oblasts) showed quite a high activeness,” deputy chairman of Samruk-Kazyna said.
The results of the People’s IPO show that the demand for KazTransOil shares exceeded the offer two-fold and made 56 billion tenge ($373 million). According to chairman of Samruk-Kazyna Umirzak Shukeyev, the total of 30 thousand applications were submitted.
By Aidana Ussupova