Key facts
- Kazakhstan Temir Zholy (KTZ), a state-owned railway operator, has filed for an IPO in Hong Kong.
- The company operates approximately 16,000 kilometers of railway across Kazakhstan.
- Proceeds from the IPO are intended to fund the construction of a cross-border rail link between Kazakhstan and China.
State-owned railway operator Kazakhstan Temir Zholy (KTZ) has filed for an initial public offering in Hong Kong. The company intends to use the funds raised from the IPO to finance the construction of a new rail link that will connect Kazakhstan and China. KTZ currently manages about 16,000 kilometers of railway lines across Kazakhstan's 17 regions.