CIS-based firm Freedom Holding plans NASDAQ listing

MOSCOW (Reuters) – Freedom Holding Corp, a U.S. holding companies with subsidiaries that provide services to financial markets in Eastern Europe and Central Asia, has gained approval to list on New York’s NASDAQ Capital Markets exchange, it said on Wednesday.

The company said it expects its shares to start trading on NASDAQ from Oct. 15, adding that the move will help it to widen its client base.

NASDAQ did not respond immediately to a request for comment.

Freedom Finance, a unit of Freedom Holding Corp with headquarters in Moscow, focuses mainly on providing access to the major stock exchanges in the United States.

It also provides access to the Moscow and St Petersburg Exchanges, offering brokerage and trust management services.

Freedom Holding’s capitalization stood at around $700 million at the end of September, the company said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.