There have been many post-Soviet Union countries that entered the path to market economy with a vast portfolio of state-owned companies. In case of the Republic of Kazakhstan, after almost 20 years of reforms and independence, the government decided to achieve a set of socio-economic goals using modern approach to national economy flagships, i.e. big and successful corporations. It was decided to privatize a group of companies via initial public offerings at the Kazakhstan Stock Exchange. This paper is intended to present the ideas associated with the National IPO Program in Kazakhstan, expected consequences for the national economy, companies involved, consequences for the national financial system, mainly the stock market, and impact on the underlying society. As can be expected, the nation-wide privatization program in a form of the IPOs of large and successful companies that are responsible for generating substantial part of the GDP and employing big fraction of the labor force, has a tremendous influence on many interest groups, institutions and individuals. Therefore, working under the auspices of the holistic approach in economic analysis, it may be valuable to present and discuss possible and actual impact of this initiative on equalizing socio-economic inequalities in the strongest economy in Central Asia. The aim of this paper is to offer a systematic and careful consideration of all socio-economic issues related to the National IPO Program in the Republic of Kazakhstan. It has been already several years of successful offerings of shares of the largest corporations in the national economy, and it becomes possible to observe tangible results obtained already by all agents involved. The method used for this holistic analysis starts with diligent description of the National IPO