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Uzbekistan State Fund Makes London Debut After $604M Offering

Uzbekistan's state investment fund gained on its first day of London trading following a $604 million initial public offering. The offering marks the opening salvo in the Central Asian nation's broader capital markets strategy. The government divested approximately 30% of the fund through the listing, signaling its determination to deepen ties with international investors and tap global capital pools. The offering represents part of a coordinated effort by Tashkent to modernize its financial infrastructure and attract foreign participation in the country's economic development initiatives. Proceeds from the sale will support the fund's investment activities across key sectors. The London listing positions Uzbekistan alongside other emerging economies seeking to broaden their investor base and establish stronger connections to Western financial markets.