The Government of Mongolia has signed a Memorandum of Understanding with Franklin Templeton, one of the world’s leading investment management firms, to jointly explore the possibility of offering shares of state-owned enterprises (SOEs) to the public through both domestic and international stock exchanges via dual listing IPOs.

Under the MoU, the parties will assess opportunities to enhance the corporate governance, transparency, valuation, and financial and operational readiness of SOEs in line with international standards. The initiative also includes exploring mechanisms to consolidate a portion of shares into investment funds and offer them to investors through both local and global capital markets.

In addition, the cooperation will focus on preparing SOEs for IPOs, including valuation and prioritization, identifying investor demand, and developing the structure, implementation phases, and roadmap for a National Investment Fund.

This initiative is expected to elevate the governance standards of state-owned enterprises while strengthening Mongolia’s capital market by connecting it with international markets. It will also support the development of the domestic stock exchange in alignment with global markets, attract foreign institutional investors, and create new opportunities for Mongolian securities to access international capital markets.

MONGOLIAN STOCK EXCHANGE