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Kazakhstan's Freedom Holding considers listing on Moscow Exchange

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Kazakhstan's Freedom Holding considers listing on Moscow Exchange

Kazakhstan-based financial services firm Freedom Holding Corp. is considering a Russian ruble-denominated listing on the Moscow Exchange, Reuters reported, citing the company's founder and CEO, Timur Turlov.

Turlov said he hopes the Moscow listing "will happen this year," noting that the move will put Freedom Holding's shares in Russia's small-cap indexes Russel 2000 or 3000 and will make it visible to investors looking at its region.

Turlov's statement came after Freedom Holding's shares began trading on Nasdaq.

"We are getting on the radar of a large group of investors who do not work with a company that is not listed," Turlov said, adding that the company had spent five years preparing for its Nasdaq listing to broaden its investor base.

The company secured the listing on the U.S. stock exchange earlier in October.