Quartz, a glass manufacturer, reported completing a successful maiden IPO in Uzbekistan. Over 4.5 million of Quartz shares went public on December 5, 2017, with shares sold by auction method at the highest bid price, with only 0.05% of the total amount of shares sold to one single investor.
Bids from individual and institutional investors were accepted at the NBU branches, as well as investment intermediaries in the range of 3000 to 9100 soums per share, the Competition Committee said.
According to the Toshkent Stock Exchange, underwriting ended on April 3, with a total of 2,475 million or 54% of the shares sold for a total of over 7.5 billion soums. As of April 9, the Quartz shares are being sold on the secondary securities market.