Information on the IPO

07-11-2025

Kazakhstan Temir Zholy JSC, like any other asset approaching an IPO, requires pre-sale preparation to enhance its investment appeal.

To this end, NC KTZ JSC, together with JSC Samruk-Kazyna, is conducting the relevant work in close collaboration and with the approval of the Government of the Republic of Kazakhstan. 

At the same time, according to international investment banks, the normalization of the geopolitical situation and financial market conditions is a key factor for a successful IPO.

Among other factors for a successful KTZ IPO, international investment banks note the importance of the actual recognition in KTZ's financial statements for 2025 of the company's operating results related to the dynamically growing volumes of freight transit on the company's rail networks, as well as the potential restructuring of a portion of its debt burden. In this regard, the exact timing and structure of the IPO, including the volume of shares offered and the placement platforms, will be determined upon completion of pre-sale preparations, taking into account the recommendations of independent investment bank advisors, and subject to favorable market conditions.

At the same time, any information regarding the Company's potential valuation during a potential listing is subjective and premature.
 

Press service of JSC «NC«Kazakhstan Temir Zholy»