Uzbek IPO oversubscribed, as investors jump at privatization play

Tashkent-London listing paves way for assets, like Uzbekistan Airways, to launch Uzbekistan Airways is one of the assets held by UzNIF, which is due to list in Tashkent and London on May 18. © AP ISTANBUL — Uzbekistan's plan to privatize state assets took a large step forward Wednesday after the initial public offering of its investment fund was four times oversubscribed.

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