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People's IPO
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There should be clear rules set to make sure common people buy the shares, rather than large investors that have already made quite a fortune since Kazakhstan gained independence: President Nazarbayev.
Air Astana has no immediate plans to float its shares in the People’s IPO in Kazakhstan.
Four big Kazakhstani companies will offer their shares during the People's IPO.
KEGOC might float its shares at the People’s IPO in Kazakhstan in December 2014.
I commission the Central Bank and the Government to come up with a clear vision of the country’s pension system and the national securities market before June 1, 2014: President Nazarbayev.
At the moment Samruk-Kazyna holds 51% in the airline, with the rest of the shares belonging to UK’s BAE SYSTEMS.
“It’s the privilege of the Government to decide on timing of the IPO (…) If there’s a decision, we will be able to float the Company’s shares within half a year”: the Company’s Chairman of the Board.
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.
Deputy chairman of Samruk-Kazyna National Welfare Fund Kuandyk Bishimbayev commented on the People’s IPO folding rumors.
Kazakhstan Finance Minister Bolat Zhamishev has refuted any possibility of termination of the People’s IPO in Kazakhstan.
Implementation of the People’s IPO in Kazakhstan will be suspended until the end of the year and will possibly even fold altogether.
The deadline for KEGOC to float its stock as part of the People’s IPO in Kazakhstan has been put off.
This year we expect to receive over 8 billion tenge in net profit: KEGOC chairman. He believe his company independent from the market.
Acceptance of applications for common shares of KEGOC under the People's IPO program will start on May 13.
The second stage of the People's IPO in Kazakhstan will start this year with selling of KEGOC shares in Q2.
Around one fifth of the applications were received from the workers of KazTransOil, which testifies of high trust to the company.
APEX Consult, PR-company from Astana, won the Best of Central Asia-2012 contest in the TV Ads Production category.
The aftermarket trade of common stock of KazTransOil as part of the People’s IPO Kazakhstan state program has officially started at Kazakhstan Stock Exchange.
Kazakhstan citizens purchased common shares of KazTransOil national company for the total amount of 1.4 billion tenge ($9.3 million).
The People’s IPO was launched November 6, 2012, with the subscription for KazTransOil shares closing December 5.
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