Sunday, January 14, 2018 1:21:17 PM
What are your plans with regards to listing Freedom Finance on an NYSE exchange or other market?
Pursuing a listing on the NYSE or NASDAQ is a natural step for us to take at the appropriate time in the near future. Currently, we are completing the consolidation of our international group of operating companies under the umbrella of Freedom Holding, Inc., which is traded in the US on the OTC Pink Market. We believe it is a great time to approach a listing in the US market given our track record and our current prospects. We expect to meet all of the listing requirements. At the same time we have a large portfolio of domestic assets that we believe are undervalued because, during the last economic downturn, there was significant capital outflow from the country and the lingering distrust of local markets among investors. Among our securities holdings we have a number of companies in market niches that are growing fast. We have participated actively in IPOs and organized three equity offerings after the privatization program was paused. We are pleased that Freedom Finance in Kazakhstan is becoming a leader in underwriting the securities of local firms. When the government starts privatizing large firms, we anticipate it will do it through the local stock market, and we believe we are a leading candidate to play a prominent role in such public placements. We are proud of the fact that we have 50,000 customers, none of whom had participated in the stock market previous to becoming clients of Freedom finance. There are many boutique firms that can sell securities to large private equity funds, but we are one of only a few firms that can sell individual company stocks to our customers. Not only do we have the largest customer base, but we also have the most responsive one; when we offer stock, people buy because of our reputation. A broad customer base is also important for the companies we underwrite, as it promotes integrity in the distribution process and aftermarket trading market liquidity while contributing to reduce price volatility.
Recent FRHC News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/23/2024 08:58:09 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:01:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 08:01:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 08:32:14 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/15/2024 08:03:12 PM
- Freedom Holding Corp. Reports First Quarter Fiscal Year 2025 Results • Business Wire • 08/09/2024 11:28:00 AM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 07/29/2024 06:41:09 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 07/29/2024 06:37:26 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 07/29/2024 06:36:30 PM
- S&P Revises Outlook for Freedom Holding Corp. Subsidiaries to Positive • Business Wire • 07/01/2024 05:16:00 PM
- Freedom Holding Corp. Reports Fiscal Year 2024 Financial Results • Business Wire • 06/13/2024 09:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/03/2024 06:35:15 PM
- Freedom Holding Corp. Appoints New Board Members and Announces Creation of Chief Legal Officer Position • Business Wire • 06/03/2024 02:01:00 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 05/31/2024 07:58:24 PM
- Freedom Holding Corp. to Be Title Sponsor of Landmark Chess Event in New York City • Business Wire • 05/16/2024 03:38:00 PM
- Freedom Holding Corp. CEO, Timur Turlov, to Deliver Keynote Speech at LD Micro Inaugural New York Investor Conference • Business Wire • 04/01/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:01:17 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/06/2024 06:57:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/29/2024 12:00:24 PM
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