How to become a listed company and raise financing?

What is listing?

If the company is interested in raising funds on the Kazakhstan organized stock market, it needs to go through the listing procedure on KASE.

Listing is the procedure for including the company's securities in the official KASE list, after which the company receives:

the ability to conduct not only public, but also private placements of securities in the KASE trading system.
the status of the KASE listing company;

The initiator of the listing can be either the company itself or a KASE member broker in the "stock" category.

Currently, more than 1,000 corporate and government securities are traded on KASE. Among them are stocks, units, GDRs, ETF securities, bonds (including ESG) both Kazakhstani and foreign companies.

Listing advantages

Main

new level of development of the company
diversification of sources of financing by issuing debt or equity securities
trust from clients due to the disclosure of information on the stock exchange
collateral-free financing
implementation and maintenance of an effective corporate governance system
in accordance with the norms of the Tax Code of the Republic of Kazakhstan certain tax benefits are provided

market valuation of the business
the company's liquidity increases
debt burden decreases
dividends on common shares are paid by decision of shareholders
no repayment obligations
does not require collateral

Bonds

several sources of raising borrowed funds
it is possible to issue bonds without collateral
creation of a public credit history
issue parameters are determined independently
the possibility of raising borrowed funds by SMEs in the non-financial sector by issuing bonds within the framework of the state program for subsidizing interest and guaranteeing bonds
the ability to raise a significant amount of financing without losing control over the business
benefits on listing and trading fees for SMEs in the non-financial sector

Commercial bonds

only for KASE listed companies
reduced listing fees
maturity – no more than one year
listing – within 5 working days
registration of issue – within 3 working days
simplified package of documents

Listing advantages

Main

Bonds

Commercial bonds

new level of development of the company
diversification of sources of financing by issuing debt or equity securities
trust from clients due to the disclosure of information on the stock exchange
collateral-free financing
implementation and maintenance of an effective corporate governance system
in accordance with the norms of the Tax Code of the Republic of Kazakhstan certain tax benefits are provided

Listing procedure stages

Stage 1. Initial actions

About KASE markets

Structure of the KASE official list includes 4 markets: Main, Alternative, Mixed, Private placement

Learn more about markets and listing fees

Choice of an audit organization

For listing of securities, as well as during the period of their presence in the official list of KASE the company is obliged to pass annual audit in one of the auditing organizations, included in the list of auditing organizations recognized by KASE

Choose an auditor

Engagement of a financial consultant

Financial consultant takes part in preparation of documents for registration of the issuer's securities issue, as well as documents for listing on KASE. For non-financial organizations engaging a financial consultant is mandatory

Choose a consultant

Choice of a verifier upon issue of ESG bonds

Independent expert on external assessment and analysis with respect to the use and distribution of proceeds from placement of ESG bonds

Choose a verifier

Stage 2. Listing

KYC (Know Your Client)

In order to establish business relations with the initiator of securities admission, KASE identifies the client and its beneficial owners in accordance with the requirements of the law about AML/CFT, as well as KASE rules

Submitting an application

Application for inclusion of the company's securities in the official list of KASE is submitted online.
For questions on submitting an application:listing@kase.kz
7 (727) 237 53 24; 7 (727) 237 53 27

Submit online application

Package of documents and procedures

Inclusion of securities
in the official KASE listing is carried out according to a full or simplified listing procedure. In order to include securities of the company into the official listing of the Exchange, the company needs to submit an application and a package of documents