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Tencent-backed Uzum, Uzbekistan's first tech unicorn, eyes pre-IPO funding in Hong Kong
Yahoo Financeยท 2025-11-05 09:30
Uzbekistan's first tech unicorn, Uzum, is seeking a final pre-initial public offering (IPO) funding round next year in Hong Kong, after raising a US$70 million investment from Tencent Holdings months ago. Uzum co-founder Nikolay Seleznev said on Tuesday that Tencent's investment in August bolstered the company's plans to go public in 2027, with a potential listing in Hong Kong, London, Abu Dhabi or Nasdaq in the US. The Tencent-led funding lifted Uzum's valuation to US$1.5 billion, while opening the door ...