Freedom Holding Corp (FRHC)

[Supervisor]

https://www.thebusinessyear.com/kazakhstan-2018/timur-turlov-ceo-freedom-finance/vip-interview

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.