Astana International Exchange (“AIX”, “Exchange”) is pleased to announce that ordinary shares (the “Shares”) of the National Company KazMunayGas (“the KMG”), the leading vertically integrated oil and gas company in Kazakhstan, have been listed on the AIX. Shares shall be traded under “KMG” ticker and will be quoted and settled in KZT.
BCC-Invest, Freedom Finance, Halyk Finance, Sky Bridge Invest, Renaissance Capital and Wood and Co were appointed as Coordinators and Lead Managers under the IPO. All other AIX trading members had access and participated in the Book-building process. The main focus of AIX was on the retail investor base where direct subscription was available through the AIX Tabys application and outlets of JSC “KazPost”.
Renat Bekturov, Chief Executive Officer, AIX, said:
“About 96% of IPO allocation went to the local both retail and institutional investors’ base. We consider the participation of retail investors via our direct subscription solution realized via Tabys and the branch network of JSC “Kazpost” as a great achievement – almost 6,000 applications amounting to more than KZT1 bn were received.”
AIX was formed in 2017 within the Astana International Financial Centre development framework. AIX shareholders are AIFC, Goldman Sachs, the Shanghai stock exchange, the silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The exchange operates within a regulatory environment based on the principles of English Law, thus providing a reliable investment environment. The mission of AIX is to develop an active capital market in Kazakhstan and the region by providing clear and favorable conditions for attracting financing to private and public businesses. AIX develops special segments for mining companies as well as infrastructure projects under the Belt and Road initiative. More details:www.aix.kz
The Astana International Financial Centre (AIFC) is an independent jurisdiction that started operations in 2018. In accordance with the Development Strategy until 2025, the key focus of the AIFC is to consolidate as a universal platform connecting the countries of the EAEU, Central Asia and the Caucasus. www.aifc.kz