Prospects for the development of the stock market: the first IPO and SPO analysis conducted by the companies of Uzbekistan

Abstract

International experience shows that the public placement of securities if it is properly organized, will
be the basis for the development and growth of the company at a high pace. The public placement of securities in
modern form took place four centuries ago, and the first public placement of shares by national companies of
Uzbekistan, which has been improving its position in all spheres in the world community from year to year, was
conducted in 2018-2019. This article analyzes the public placement of securities (IPO and SPO), the first in the
history of the Republic of Uzbekistan. The example of national companies of Uzbekistan describes the stages of
public placement of shares and the process of preparation for them. There are also indicated the requirements of
the degree of transparency and ways of its analysis in preparation for the public placement of shares. The article
gives a general understanding of the public placement of securities, and the existing differences between the
simple emission of securities on the stock market and the sale through public placement. The impact of the
public placement of shares on the secondary stock market has been studied and proposals for further
improvement of the stock market as well as public offering of shares have been made.