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IPO/SPO
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
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JSC NC Kazakhstan Temir Zholy is the largest operator of the main railway network of Kazakhstan.
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JSC Kazpost—Kazakhstan’s national postal operator—is a key element of the national infrastructure.
Kazakhtelecom JSC is the largest telecommunications company in the Republic of Kazakhstan and one of the key infrastructure assets of the country's digital economy.
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.
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Qazaq Green Power PLC (QGP) is a specialized public company established to facilitate the modernization of existing and the construction of new generating capacities, the implementation of new energy technologies, and the enhancement of power system efficiency; to execute investment projects; and to implement energy-saving policies and ensure the environmental safety of energy facilities.