UzNIF’s London IPO Set to Value Uzbekistan Fund at $1.95 Billion

Uzbekistan’s national investment fund’s initial public offering is set to value the vehicle at about $1.95 billion, as it offers investors a rare way to invest into Central Asia’s second-biggest economy.

The Ministry of Economy and Finance of the Republic of Uzbekistan is looking to sell about a 30% stake in the National Investment Fund of the Republic of Uzbekistan, known as UzNIF, through a dual listing in London and Tashkent, according to a Wednesday statement.