11:36 - 27.02.2025

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February 27, Fineko/abc.az. The IPO (initial public offering) of shares of another state-owned company will take place.

ABC.AZ informs that Farhad Mansurov, chief adviser of the Listing Department of the Baku Stock Exchange, made this statement at a meeting with journalists at the Association of Stock Market Participants of Azerbaijan.

Mansurov said, making a brief announcement on the issue under consideration, that the IPO will take place in the third quarter of this year.

However, the name of the company that will publicly offer its shares has not yet been disclosed.

Last year, for the first time, the International Bank of Azerbaijan conducted an IPO of its shares on the stock exchange.

"Currently, bonds are mainly issued on the country's capital market. This market is one of the key elements of alternative financing. Unfortunately, the development of the capital market in Azerbaijan has only begun in recent years, but we hope to accelerate this process," Mansurov said.

By Elmir Murad