Freedom Holding Corp Considers Stock Offering in Kazakhstan

By Chris Stiles • Thursday, April 09 11:23 • Permanent Link

Freedom Holding Corp. said it is considering an offering of its common stock in Kazakhstan, with any sale expected to be conducted outside the United States under Regulation S.

The company did not say how many shares it may offer, what price it might seek, or how much capital it hopes to raise. It also said no decision has been made yet on whether to proceed.

The announcement marks a potential new financing step for the international financial technology group, which is listed on Nasdaq under the ticker FRHC. Following these announcements, the company's shares moved -1.82%, and are now trading at a price of $143.18. For the full picture, make sure to review Freedom's 8-K report.

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