Nursultan Nazarbayev on People’s IPOThere 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.
No time left for KEGOC to run the IPO in 2013“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.
07 November 2013
Reasons for postponement of the People’s IPO ProgramAccording 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.
People's IPO in Kazakhstan might foldImplementation of the People’s IPO in Kazakhstan will be suspended until the end of the year and will possibly even fold altogether.
KEGOC plans to earn $53 million in 2013This year we expect to receive over 8 billion tenge in net profit: KEGOC chairman. He believe his company independent from the market.