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29.01.2024

Air Astana IPO begins

On 29 January 2024, Air Astana JSC, the largest airline group in the Central Asia and Caucasus, has launched the IPO and announced the price range. As part of the initial public offering (the "IPO") in Kazakhstan, the company offers its securities on KASE (shares) and AIX (shares and GDRs).

The price offer varies from USD8.50 to USD11.00 per GDR and USD 2.13 to USD2.75 per share. Investor bids for shares on KASE and AIX should be submitted in tenge.

The IPO is expected to result in the number of the company's outstanding securities being not less than 25% of the total outstanding shares of Air Astana JSC.

Local offering securities will be offered to institutional and retail investors in Kazakhstan on AIX (GDRs and shares) and KASE (shares only). The IPO final price and the maximum number of GDRs and shares to be sold under the IPO will be determined after the book-building. It is also reported that the management road show of Air Astana JSC started on 29 January 2024. For more details, please follow the link.

Please be kindly reminded that Halyk Bank's customers can apply to purchase the required number of any securities during the book-building period via Halyk Invest service. To do this, future investors only need to:

  • Go to Halyk Invest of Halyk app;
  • sign an online application for accession to the brokerage agreement;
  • replenish the automatically created investment account;
  • open the IPO/SPO tab in the “To buy” section
  • select the required company/instrument to participate in the IPO
  • submit the application and wait for possible allocation.