Home / Business and Economy / Freedom Holding Considers Secondary Listing to Fund Growth
Freedom Holding Considers Secondary Listing to Fund Growth
9 Feb
Summary
- Company eyes Hong Kong secondary listing for expansion funding.
- Plans to acquire or establish banks in Europe and Turkey.
- Considering expansion into Pakistan, ruling out Russia.
Freedom Holding, a financial services group headquartered in Kazakhstan, is contemplating a secondary listing on the Hong Kong Stock Exchange. This move is intended to provide capital for the company's strategic expansion initiatives. The company's primary listing remains on NASDAQ.
CEO Timur Turlov indicated plans to broaden operations beyond Central Asia. Key objectives include acquiring or establishing banking entities in European countries and Turkey. Freedom Holding has also expressed interest in developing its presence in Pakistan.
The firm is actively pursuing acquisitions, with Turlov mentioning potential bank purchases in Turkey and Europe. He declined to name specific European countries but indicated a decision might be reached in the coming months.
