Air Astana confirmed its intention to conduct an IPO


Air Astana JSC (the “Company”) today confirmed its intention to list on the AIX, KASE and London Stock Exchange (the “Potential Offer”).

If the Company subsequently decides to proceed with the Potential Offering, BCC Invest will participate as joint bookrunner (the "Local Coordinator") in connection with the Potential Offering in the Republic of Kazakhstan.

Thus, as part of the IPO, investors in Kazakhstan will be offered common shares on AIX and KASE and global depositary receipts (GDRs) on AIX.

As a result of the Offering, the number of Company securities in free float will be at least 25% of the total number of outstanding shares of the Company. It is expected that the procedure for collecting applications for the purchase of securities and road shows of the Company’s management will begin on January 29, 2024.

Let us remind you that after the start of the application collection procedure, potential investors in Kazakhstan will be able to submit applications for participation in the Offer online, through the mobile applications of BCC Invest and Bank CenterCredit.

You can read more detailed information in our analytical report.