Kazakh government calculates price of national companies’ shares on People's IPO project
Kazakhstan, Astana, May 24 / Trend D. Mukhtarov /
The Kazakh government is currently engaged in calculations to determine the price of a share of national companies on the People's IPO project, the Deputy Chairman of the Board of Samruk-Kazyna Sovereign Wealth Fund, Kuandyk Bishimbayev, told reporters on Thursday.
"We make calculations with the condition that the value of the shares should be affordable for most Kazakh people. At the same time, we rely on the long term to avoid speculative transactions related to the rapid buying and selling shares of companies," Bishimbayev stressed.
He said that shares of KazTransOil will be exposed to domestic market first in September.
"Next year shares of KazTransGas, KEGOC and Kazpost will be exposed at the Kazakhstan Stock Exchange. And in 2015 shares of all mining companies will be placed," he said.
Earlier, Kazakh President Nursultan Nazarbayev proposed People's IPO project, which enables ordinary citizens of Kazakhstan to take direct part in the economic development of their country.