TRENDS IN THE DIGITALIZATION OF IPO PROCESSES AND INCREASING RETAIL INVESTOR ACTIVITY IN EMERGING CAPITAL MARKETS
PDF

Keywords

Initial public offering (IPO), digitization, retail investors, financial technologies, E-IPO platform, e-KYC, capital market, transaction costs.

How to Cite

BABAXANOVA NOZIMA. (2026). TRENDS IN THE DIGITALIZATION OF IPO PROCESSES AND INCREASING RETAIL INVESTOR ACTIVITY IN EMERGING CAPITAL MARKETS. Zamonaviy Ilmiy Yondashuvlar Va Texnologik Taraqqiyotning Ustuvor yo‘nalishlari, 1(6), 69-75. https://doi.org/10.5281/zenodo.22689881

Abstract

This thesis examines the trends in the digitization of initial public offering (IPO) mechanisms in emerging capital markets and its role in increasing the activity of retail investors. The study analyzes the scientific and practical significance of financial technologies (Fintech), remote biometric identification (e-KYC), and E-IPO platforms in reducing institutional barriers. Based on the experience of Uzbekistan and foreign transition economies, scientific conclusions and practical recommendations have been developed to facilitate retail investors' access to the primary market, manage behavioral risks, and modernize the digital regulatory (RegTech) system.

PDF

References

1. O‘zbekiston Respublikasi Prezidentining 2023-yil 2-sentyabrdagi "Kapital bozorini rivojlantirishning qo‘shimcha chora-tadbirlari to‘g‘risida"gi PQ-291-son qarori.

2. Butikov, I. (2020). Rinok sennix bumag Uzbekistana: formirovaniye, tendensii i perspektivi. Toshkent: Fan va texnologiya, 248 b.

3. Barber, B. M., & Odean, T. (2001). Boys will be boys: Gender, overconfidence, and common stock investment. The Quarterly Journal of Economics, 116(1), 261–292.

4. Chiah, M., & Zhong, A. (2020). Trading from home: The impact of COVID-19 on retail trading. Finance Research Letters, 37, 101784.

5. Megginson, W. L. (2005). The Financial Economics of Privatization. Oxford: Oxford University Press, 544 p.

6. Shomirov, A. A. (2021). Aksiyalarni ommaviy joylashtirish (IPO) mexanizmlarini takomillashtirish orqali korporativ moliyalashtirish hajmini oshirish. Iqtisodiyot va innovatsion texnologiyalar, 5(3), 112–120.