Kazakhstan Temir Zholy plans IPO by end of 2026
Kazakhstan Temir Zholy National Company JSC is preparing for an initial public offering (IPO) by late 2026, its CEO Talgat Aldybergenov told a briefing at the Government, Qazinform News Agency reports.
Kazakhstan Temir Zholy and the Samruk-Kazyna Fund are working closely on preparations.
He said triple listing is planned on international exchanges in London, Hong Kong, and possibly Kazakhstan by the end of 2026. Preliminary plans call for offering 25% of company shares.
The IPO is aimed at easing the company’s debt burden. Current balance sheet debt is 3.8 trillion tenge, with nominal debt at 4.7 trillion tenge. Nearly half of obligations are denominated in foreign currency.
To note, Kazakhstan will launch railway carriage manufacturing plants.