Today, the CEO of Freedom Holding Corp delivered speech at KASE Talks. Timur Turlov, who talked about how his company made its way to Nasdaq.
It is known that on October 15, 2019, trading in shares of Freedom Holding Corp. opened at the Nasdaq Capital Market. The holding became the first financial broker from the CIS, which is listed on the second largest U.S. exchange.
"We have been working for more than six years to obtain listing and public company status in the United States," the spokesperson said. According to him, the goal of the procedure was to move from stock trading in the over-the-counter U.S. market at the U.S. OTCQX Best Market to Nasdaq’s main market, where the volumes and requirements are higher.
The company expects further increase in the value of securities due to the potential increase in demand for shares with the same volume of their supply.
Timur Turlov informed that Freedom Holding's capitalization amounted to almost $800 million.
At KASE Talks, TimurTurlov also spoke about the checks the holding underwent while obtaining listing from various U.S. regulators, about its readiness to disclose its information to the market, demonstration of transparency, etc.
The purpose of KASE Talks is to raise awareness of the broad public audience on the conditions in which the financial market of the country has emerged and main factors that affected its development.
The objective of KASE Talks is to promote the financial market of Kazakhstan further and to provide information on the Exchange’s activities and the stock market as a whole.