Tencent-Backed Uzbek Fintech Unicorn Uzum Eyes Eurobond, IPO

Uzbekistan’s most valuable startup, the fintech and e-commerce company Uzum, is considering ways to raise more funds as soon as next year, as local businesses increasingly look to international markets for capital.

Tencent Holdings Ltd.-backed Uzum has started preparing for a possible initial public offering in 2027 with Hong Kong, Abu Dhabi, and Nasdaq as potential venues, co-founder Nikolay Seleznev said in interview. Uzum is also looking to tap international bond markets with a $300 million debut sale as soon as in the first half of 2026, Seleznev said.

The emergence of a unicorn startup like Uzum, which raised ...