Kazakhstan railway giant files for Hong Kong IPO as exchange lures more foreign listings

The Hong Kong stock exchange is attracting a growing number of foreign companies from Asia and North America seeking international capital. This marks progress in the bourse's ambition to become a global fundraising hub. The latest firm to join this trend is Kazakhstan Temir Zholy, the Central Asian nation's state-owned railway operator. It owns the country's largest fleet of locomotives and rolling stock. The company filed for a Hong Kong listing on June 30, according to exchange records.