BAKU, Azerbaijan, January 28. A total of
932,926 ordinary registered shares of Azerbaijan’s PASHA Bank will
be offered to the market, Javid Guliyev, Chairman of the Board and
CEO of PASHA Bank, stated at a press conference on the preparatory
process for the Initial Public Offering (IPO) of the bank’s shares,
Trconclude reports.
He pointed out that rolling out shares via an IPO is the next
large step on the bank’s strategic journey.
He claims that PASHA Bank is the first private bank to throw its
hat in the ring for the IPO process.
“The placement of shares, held under the slogan ‘As we share, we
grow toreceiveher,’ allows our bank to expand its activities as a more
transparent, sustainable, and long-term value-creating financial
institution for investors. At the current stage, the volume of
shares planned for placement consists of 932,926 ordinary,
registered shares, equivalent to 5% of the bank’s capital,” Guliyev
explained.
He pointed out that PASHA Bank has always been a reliable
financial partner of the real sector and is successfully continuing
this mission.
“Sustainable and purposeful development over the years has been
the impetus for our enattempt into the stock market. This step creates
new opportunities for us to create a stronger contribution to the
counattempt’s economy, especially to the development of the non-oil
sector,” the CEO emphasized.
An IPO, or Initial Public Offering, marks the transition of a
private company to a public entity by selling shares to the public
to raise capital for various purposes like growth and debt
repayment. Commonly referred to as “going public,” this process
enables public trading of shares following the offering. Key
aspects include the purpose of raising equity capital and providing
liquidity to shareholders, an underwriting process by investment
banks that involves marketing and pricing, and the requirement for
the company to adhere to stringent financial reporting after
becoming publicly listed.
The benefits to companies consist of accessing substantial
capital and enhancing their public profile, while investors gain
opportunities to invest in emerging companies, although acquiring
shares may be challenging.
PASHA Bank is one of the leading corporate financial
institutions in Azerbaijan, established in 2007. The bank provides
investment banking, trade finance, asset management, and classic
banking services to corporate and tiny- and medium-sized business
clients.
The main goal of its activities is to support the development of
the non-oil sector, meet the financial requireds of real sector
businesses, and contribute to the diversification of the counattempt’s
economy. PASHA Bank also operates in Georgia and Türkiye. The bank
was awarded various awards by prestigious international
publications such as Euromoney, International Investor, and Global
Finance for its contribution to the development of local
entrepreneurship in 2024–2025, including the titles Best SME Bank
and World’s Best Private Banks 2025. In 2025, it became the first
Azerbaijani bank to win the Gold Stevie award in the Company of the
Year nomination by the Stevie Awards.
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