On February 8, the Astana International Exchange (AIX) announced that conditional trading in the global depositary receipts (GDRs) of Air Astana JSC will commence on the AIX and London Stock Exchange at 2:00 p.m. Astana time, or 8:00 a.m. London time, on February 9, QazMonitor reports citing the Exchange’s press service.
AIX notes that conditional trading in Common Shares denominated in the United States dollar will launch in parallel exclusively on the AIX, while real-time market data will be available on the Exchange’s Market Watch website. The market maker is Freedom Broker.
NOTE: Conditional trading takes place for a few days between the official IPO and full listing. Shares can be bought during this period and held indefinitely due to trading transitioning from conditional to full trading. Conditional trading concludes with the issuance and allocation of the subscribed GDRs and Common Shares into investors’ accounts at the end of the IPO.
The unconditional trading on AIX (Shares and the GDRs), Kazakhstan Stock Exchange (Shares), and London Stock Exchange (GDRs) will commence on February 15.
The Astana International Exchange was established in 2017 at the Astana International Financial Center (AIFC). AIX shareholders include AIFC, the Shanghai Stock Exchange, the Silk Road Fund, and NASDAQ, which also provides the AIX trading platform. The Exchange operates on the base of English law.