IPO of Air Astana discussed in Government

Issues of IPO of Air Astana were discussed at a meeting of the State Commission on modernization of the economy under the chairmanship of Prime Minister of Kazakhstan Alikhan Smailov. 

It was noted that the IPO should be held this year within the framework of the implementation of the Comprehensive Privatization Plan for 2021-2025. To date, Samruk-Kazyna JSC and Air Astana together with international consultants have carried out a lot of preparatory work.

The key issue discussed at the meeting was to determine the price range for one common share and one global depositary receipt of the company for the planned start of the collection of applications from January 29 to February 8 this year.

For reference: IPO (Initial Public Offering) is an initial public offering of a company's shares on a stock exchange to attract investment. During the IPO, the company issues shares into free circulation, which can be purchased by both institutional and retail investors.

#Alikhan Smailov #The Prime Minister of the Republic of Kazakhstan #Economic Modernization Commission

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