PASHA Bank IPO lifts Azerbaijan’s market capitalization-to-GDP ratio to nearly 4%, BSE says (opens in new tab)

_Economy · 2026-06-24 10:55_ **BAKU, Azerbaijan, June 24.** The ratio of Azerbaijan’s total market capitalization to gross domestic product (GDP) has risen by around one percentage point, reaching close to 4%, following the initial public offering (IPO) of PASHA Bank, Trend's correspondent reports from the event. Speaking at the “Opening Bell” ceremony marking PASHA Bank OJSC’s public share offering and the start of secondary market trading, Ruslan Khalilov, Chairman of the Board of Direc...