Uzbekistan Said to Plot State Fund London IPO Before Gold Miner

Uzbekistan is likely to push ahead with the initial public offering of its national investment fund as the country’s first-ever listing in London, paving the way for other state-backed companies, according to people familiar with the matter.

UzNIF, as the investment fund is known, has been preparing documents for its first-time share sales in London and Tashkent, which could be kicked off as soon as the first quarter of next year, the people said.