The Future
In early 2011 the Government of Kazakhstan announced a program of “Peoples’ IPOs”, to list a portion of the shares of some of the country’s leading national companies through Initial Public Offerings on the Kazakhstan Stock Exchange (KASE), in mid to late 2012. Air Astana was selected to be amongst the first to be listed on account of its consistent record of growth and profitability and because of its corporate governance standards (rated GAMMA 6 by Standard & Poor’s in 2011). As of February 2012 details remain to be defined, in particular changes to the shareholding structure, which has been in place since the birth of the airline, but which will have to change if a public listing is to take place.
Read more about this topic: Air Astana
Famous quotes containing the word future:
“It has no future but itself—
Its infinite contain
Its past—enlightened to perceive
New periods of pain.”
—Emily Dickinson (1830–1886)
“One merit in Carlyle, let the subject be what it may, is the freedom of prospect he allows, the entire absence of cant and dogma. He removes many cartloads of rubbish, and leaves open a broad highway. His writings are all unfenced on the side of the future and the possible. Though he does but inadvertently direct our eyes to the open heavens, nevertheless he lets us wander broadly underneath, and shows them to us reflected in innumerable pools and lakes.”
—Henry David Thoreau (1817–1862)