What is an IPO?

An IPO (Initial Public Offering) is the first public offering of a company’s shares, also called an issue. The issuing company issues its shares on the market for the first time, and a wide range of investors buy them.

The IPO allows the company to attract significant financial resources from various investors on fairly favorable terms. Investors receive a small “share” of the company’s business and actually become co-owners of this company.

After entering the stock exchange, the status of the company changes — from private, it becomes public one, and its shares are freely traded on the stock exchange and can be bought by anyone.

What is an SPO?

SPO (Secondary Public Offering) - public offering of shares owned by existing shareholders. As a rule, to the founders of the company or venture funds.

SPO is an offer of already existing shares owned by someone taken from the secondary market. As a rule, either the founders of the company, that is, the original shareholders, or venture funds, which fix their profits in this way, sell their securities through SPO.

SPO, unlike IPO, does not affect the size of the authorized capital of the company. However, at the same time, such an offering still makes the company public one, that is, one whose shares are freely traded on the securities market. In addition, the number of shareholders increases, which makes the shares liquid.

IPO/SPO Candidate Companies
  • 100%
    Ownership share of the Fund
  • 100%
    Ownership share of the Fund
  • 100%
    Ownership share of the Fund
Samruk-Energy JSC was created to develop and implement a long-term state policy for the modernization of existing and commissioning of new generating capacities.
Strategic perimeter IPO Samruk-Energy IPO
  • HPP
  • WPP
  • SPP
  • Distribution and sales
  • Shardara HPP JSC (100%)
  • Moinak HPP JSC (100%)
  • Bukhtarma HPP JSC (90%)
  • Shulba HPP JSC (92.14%)
  • Ust-Kamenogorsk HPP JSC (89.99%)
  • Kazhydrotech Energo LLP (100%)
  • Teploenergomash LLP (95%)
  • FWPP LLP (100%)
  • Ereymentau Wind Power LLP (100%)
  • Energiya Semirechiya LLP (25%)
  • Samruk-Green Energy LLP (100%)
Distribution and sales
  • Alatau Zharyk Companiyasy JSC (90.29%)
  • Almatyenergosbyt LLP (100%)
Joint Stock Company “National Company “QazaqGaz” is the main gas company of the Republic of Kazakhstan, representing the interests of the state, both in the domestic and foreign gas market.
Strategic perimeter IPO JSC NC QazaqGaz IPO
  • Gas transportation
  • SPP
  • Distribution and sales
Gas transportation
  • JSC NC QazaqGaz
  • Intergas Central Asia JSC
  • Beineu-Shymkent Gas Pipeline LLP (50%)
  • Asian Gas Pipeline LLP (50%)
  • KazTransGas Aimak JSC
  • Amangeldy Gas LLP
  • Otan Gas LLP (50%)
Distribution and sales
  • Qazaq Gas Qurylys LLP
  • Khorgos - Asian Gas Pipeline LLP
  • AvtoGazAlmaty LLP
  • KazTransGaz Onimderi LLP
  • KTG Finance B.V.
JSC NC Kazakhstan Temir Zholy is the largest operator of the main railway network of Kazakhstan.
Strategic perimeter IPO JSC NC KTZh IPO
  • Vertically integrated transportation
  • Passenger transportation
  • Supporting activities
  • Logistics activities
Vertically integrated transportation
  • Kaztemirtrans JSC
  • KTZh - Freight Transportation LLP
  • Kedentransservice LLP
  • Port Kuryk LLP
Passenger transportation
  • KTZ-Passenger Locomotives LLP
  • Passenger transportation JSC
  • Wagonservice JSC
Supporting activities
  • Paramilitary Railway Security LLP
  • Temirzholsu LLP
  • Transtelecom JSC
Logistics activities
  • United Transport and Logistics Company – Eurasian Rail Alliance JSC (33.33%)
  • Xinjiang KTZ International LogisnicsCo.LTD
  • KTZE-KhorgosGateway LLP (51%)
  • KTZ ExpressHongKong OOO
  • YuXinOu(Chongqing) LogisticsCo., Ltd (16.30%)
  • China-Kazakhstan International Logistics Company LLC (49%)
  • KTZ-Express JSC