+7 (777) 001 44 99
Қазақша
Русский
English
People's IPO
Биография
Упоминания (66)
The 2011 net profit of the Company totaled $750 million, “with most of the profit growth assigned to development of transit operations”.
Managing Director of Samruk-Kazyna Welfare Fund Peter Howes announced January 31 that at least 160 000 people are expected to be covered by the People’s IPO Program.
The stake to be floated will make up 5-15% of the stock: Bakytzhan Kazhiyev, Head of KEGOC.
Kazakhstan Prime-Minister Karim Massimov refuted the gossips about transferring of KazMunaiGas and Kazakhstan Temir Zholy to respective ministries. Commented People's IPO plans and Kashagan budget.
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.
Professional talk show with economist Zhannat Yertlessova will start on STV channel on January 25.
We will make the prices low enough to allow everyone to buy at least one share or one batch of shares: Managing Director of Samruk-Kazyna.
The Stock Exchange has got the software to run the People's IPO: KASE president.
Managing Director of Samruk-Kazyna National Welfare Fund told about the plans for People's IPO.
According to Samruk-Kazyna Sovereign Wealth Fund managing director, Peter House, KazTransOil is a less volatiale company.
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.
No final decision has been taken yet. However, it is clear that Samruk-Kazyna Sovereign Wealth Fund will retain its majority stake: Peter Foster, Air Astana President.
Earlier public servants were prohibited from buying securities. But the ban has been lifted recently to stimulate the dormant securities market.
According to him, this is a real opportunity to raise wellbeing of common citizens.
To facilitate the IPO Program, some laws should be amended, notably on subsurface use, railways transport, on power industry, on state-run property, on Samruk-Kazyna Sovereign Wealth Fund and some others: Economy Minister.
According to the PM, the People’s IPO Program should reach out to as many common people as possible.
We’ve chosen the best timing: the companies are not overvalued at the present time: Minister of Economic Development and Trade
Common people are not professional investors. Offering high-risk-involving assets would be not correct: Vice Chairman of the Board at Samruk-Kazyna Sovereign Wealth Fund.
At the first stage, that is in 2012-2015, Kazakhstan will launch the so-called People’s IPOs of national companies. Afterwards, some national holdings will be floated to attract strategic global investors: Economy Minister Kelimbetov.
According to him, before the end of 2011 the Government should focus on raising people’s awareness of the Program and run the actual Program early next year.
Exchange Rates
496.04
586.76
6.46
Weather
