IPOs and SPOs: stimulating the stock market

As part of the task to reduce the Government’s share in the economy, we continue to actively bring portfolio companies to IPOs and SPOs. Public offerings of portfolio companies' shares help not only to attract additional funds to the National Fund, but also to form a fair market valuation of assets. Openness to capital markets increases the efficiency of companies' operations, encouraging them to meet high standards of corporate governance and implement best practices.

Public offerings also contribute to the development of the domestic stock market, increasing citizens' involvement in investments and boosting their financial literacy. The growing number of retail investors makes the market more dynamic, and the population has new tools to multiply capital by investing in successful domestic companies.

Shares of 7 companies included in the Fund's group (Air Astana JSC, KEGOC JSC, NC KazMunayGas JSC, NAC Kazatomprom JSC, KazTransOil JSC, Kcell JSC and Kazakhtelecom JSC) are traded on the leading stock exchanges: Astana International Financial Centre (AIX), Kazakhstan Stock Exchange (KASE) and London Stock Exchange (LSE). IPO and SPO conducted by Samruk-Kazyna JSC aroused significant interest of investors and gave impetus to the development of the stock market of Kazakhstan, confirming the effectiveness of the strategy to reduce the share of the state in the economy.

In continuation of the work on bringing large companies to IPO, it is planned to publicly place shares of JSC NC Kazakhstan Temir Zholy and NC QazaqGaz JSC.