Why is this important
Entering the international capital market and preparing for the IPO establish Uzum as the first Uzbek technological ecosystem with global investment ambitions. This can draw attention to the country’s fintech and e-commerce sectors.
What happened
- Uzum is preparing to issue eurobonds worth $300 million (H1 2026);
- The IPO is scheduled for 2027, with platforms under consideration including Hong Kong, Abu Dhabi, and Nasdaq.
- In March, Uzum placed its first bonds worth 300 billion soums on the “Tashkent” exchange;
- In August, the company secured $70 million from Tencent and VR Capital — Uzum’s valuation reached $1.5 billion.
- The funds will be directed to the development of fintech, e-commerce, and digital infrastructure.
What they say
Nikolai Seleznyov, Uzum:
The trading volume on the Tashkent Stock Exchange still falls short of the country’s ambitions. Therefore, we are exploring alternative sources of funding.
Jasur Jumayev, co-founder:
IPO is my dream. In the next 2-3 years, you will see steps taken to increase the company’s liquidity.
Context
Uzum is Uzbekistan’s largest digital ecosystem, bringing together fintech, online trading, and logistics. The company actively seeks foreign investors and forms regional alliances.
