Tashkent, Uzbekistan (UzDaily.com) -- As it is known, in accordance with the relevant Presidential Decrees and Resolutions, the Ministry of Finance of the Republic of Uzbekistan is working to effectively organize primary and/or secondary public offerings (IPO/SPO) of shares of 23 joint stock companies in the stock markets.

Following the "Roadmap" approved by the Cabinet of Ministers, on November 30, 2021, JSC "Almalyk MMC" (AGMK) sent a request for proposals (RfP) to international and local investment banks, investment intermediaries and financial consultants, with the intention of scrutinizing the market sentiment, potential investors’ appetite and size of the local IPO, which is scheduled in November 2022.

Based on thorough analysis of the recommendations and proposals received, on May 10, 2022, JSC "Almalyk MMC" announced an official tender to hire a consortium of underwriters to organise local listing on "Tashkent" Republican Stock Exchange in 2022 and potentially international listing on foreign stock markets.

The deadline for submission of documents to the official tender is 11:38 (Tashkent time), on 7 June 2022.