KMG can place up to 25% of its stocks within global IPO

The national company Kazmunai Gas (KMG) can place up to 25% of its stocks within the global a IPO and 10% within the program of ‘Public IPO’, the CEO of Samruk-Kazyna state funds, P. Howes says. He says that the volume of the placement within the global IPO should be not less than 25% because the stocks will be placed at LSE, or even more, because they will be placed both in London and in Kazakhstan. To make it enough for the Kazakh and the international market, the volumes should be 10% in the former and 25% in the latter, i.e. 35% in the total. He cannot predict the reaction of the Government or the people liable on the decision about the issue. In his opinion, they’ll need 2 years to lead the company to the IPO.

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