Uzum Plans 00 Million Eurobond and IPO as Uzbek Fintech Eyes Global Capital Markets

Uzbek fintech Uzum is considering a $300 million Eurobond in 2026 and planning for an IPO as soon as 2027, with Hong Kong, Abu Dhabi and Nasdaq under consideration as potential listing venues.

The company is looking to expand beyond its home market in Uzbekistan, where it has established itself as a leading digital financial services provider. Co-founder Nikolay Seleznev said the move reflects the limitations of local capital markets: "The volumes on the Tashkent Stock Exchange still do not match the country's ambitions. That is why we are also looking at other sources for the time being."

The Eurobond would provide Uzum with significant international capital to fund its growth plans, while an IPO would mark a milestone for the Central Asian fintech sector, which has seen increasing interest from global investors as digital financial services expand rapidly across the region.

Uzum's consideration of multiple international exchanges underscores the growing appeal of emerging market fintechs to global capital markets, as investors seek exposure to high-growth digital finance stories beyond the traditional US and European corridors.