Uzbek State Fund Rises in London Debut After $604 Million IPO

MarketsDealsUzbek State Fund Rises in London Debut After $604 Million IPOFacebookXLinkedInEmailLinkGiftExpandThe London Stock Exchange Group Plc office atrium in the City of London.Photographer: Hollie Adams/BloombergFacebookXLinkedInEmailLinkGiftGift this articleContact us:Provide news feedback or report an errorConfidential tip?Send a tip to our reportersSite feedback:Take our SurveyNew WindowFacebookXLinkedInEmailLinkGiftBy Yuliya FedorinovaMay 13, 2026 at 7:25 AM UTCBookmarkSaveUzbekistan’s national investment fund rose in its London trading debut, after the government sold a $604 million stake.The London-listed global depositary receipts opened at $26, after the Ministry of Economy and Finance sold 23.4 million units at a fixed price of $25 apiece, according to a statement on Wednesday. In total, the ministry sold 31% stake in the fund, known as UzNIF, in both London and Tashkent, valuing it at $1.95 billion.