Another IPO scheduled for Azerbaijan in 2025, BSE reveals

Azerbaijan is set to witness another initial public offering (IPO) of shares this year, stated Farhad Mansurov, senior advisor to the Listing team of Baku Stock Exchange CJSC (BSE), Report informs.

Mansurov revealed that the new IPO is scheduled for the third quarter of 2025. However, he did not specify the sector of the economy to which the company belongs.

"Currently, bonds are the primary instruments issued in our capital markets. This market is a key component of the alternative financing ecosystem. Unfortunately, our capital market has only begun to develop in recent years. We hope this development will accelerate," Mansurov highlighted.