Long-Term Financing: Organizing Fundraising through IPOs (Case of Uzbekistan’s Banking Sector)

This article examines the role of Initial Public Offerings (IPOs) as an effective long-term financing tool for the banking sector of Uzbekistan. Drawing on the example of “Hamkorbank” ATB, it explores the bank’s IPO preparation, international practices (US, Germany, Japan), and key financial indicators for 2020–2023. Empirical data from “Hamkorbank” ATB’s annual reports, international organizations (EBRD, IFC), and state statistics form the backbone of the analysis. A SWOT framework is used to identify internal strengths, external opportunities, and challenges in IPO-based fundraising. Practical recommendations for improving IPO performance and ensuring investor confidence in Uzbekistan’s financial system are proposed.