THE EFFECTIVENESS OF ATTRACTING INVESTMENTS THROUGH PUBLIC PLACEMENT OF SHARES (IPO) IN JOINT-STOCK COMPANIES

Аннотация

This article analyzes the economic essence of the process of public offering of shares (IPO) in joint-stock companies, its role in attracting investments, and the practical effectiveness of this mechanism in the conditions of Uzbekistan. The study scientifically highlights the possibilities of increasing the capitalized value of enterprises through IPO, strengthening their financial stability, and improving the corporate governance system. The article also provides an analysis of the current state of the Uzbek capital market, IPO projects implemented in recent years, the policy of reducing the state share, and international experience. In particular, based on the experience of developed countries - the USA, Great Britain, South Korea, and China, an effective model and recommendations for Uzbekistan have been developed. The results of the study show that accelerating IPO processes not only improves the investment climate, but also increases transparency, competition, and the level of capitalization in the economy. Keywords: IPO (Initial Public Offering), joint-stock company, stock market, investment, capital market development, share issuance, corporate governance, investor confidence, level of capitalization, privatization of state shares, financial stability, economic efficiency. 6 50 International scientific journal ISSN: 2181-3906 «MODERN SCIENCE АND RESEARCH» 2025 VOLUME 4 / ISSUE 10 / UIF:8.2 / MODERNSCIENCE.UZ