AIFC to launch its international stock exchange in fall

The Astana International Financial Centre (AIFC) is planning to launch the Astana International Exchange (AIX) this fall, which is expected to help create conditions for further economic growth. The initiative was discussed at the international conference “Kazakhstan: tapping international capital markets,” held April 12 in the capital.

That alternative is the stock market under development in the country. To date, the existing KASE (Kazakhstan Stock Exchange) has not been able to show good results; its capitalisation is only 5 percent to GDP, while, for example, in Eastern European countries the rate is more than 15-20 percent, he added.

AIX will be the main platform for the initial public offering (IPOs) of Kazakhstan’s major companies as part of the much-discussed privatisation programme.

http://astanatimes.com/2017/04/aifc-to-launch-its-international-stock-exchange-in-fall/