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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Kazakh IPO seeks $200mln

Posted on 15 October 2012

Kazakhstan’s oil pipeline monopoly, KazTransOil, plans to raise 30 billion tenge ($199 million) via an initial public offering as part of the country’s People’s IPO program, a senior sovereign wealth fund official said Friday.
The government plans to invigorate the small local stock market and raise about $500 million from a first round of IPOs, which will see company stakes of 5 to 15 percent sold to retail investors and local pension funds. KazTransOil’s IPO is set to be held by the end of this year, Kuandyk Bishimbayev, deputy head of the sovereign wealth fund, Samruk-Kazyna, said………………………………………..Full Article: Source


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