Financial Market Extension and Capital Attraction with IPO Tools: Study of Uzbekistan

Abstract

Recent trends in capital concentration show that emerging, developing and transition economies are supporting the transition process to financial market-based structure from bank-based ones. Development of financial markets requires the movement of main capital from bank accounts to markets for investing. Capital attraction and accumulation in financial markets in transition and developing economies often sourced from offerings and going public. This article studies the development, capital saturation and attraction in Uzbekistan based on comparative and cross-country analyses.

Keywords: financial market, capital attraction, IPO, Uzbekistan.