Freedom Finance investment firm may float shares in New York soon

MOSCOW, Aug 11 (PRIME) -- Russian investment company Freedom Finance plans to make an initial public offering (IPO) on the New York Stock Exchange (NYSE) in late 2017–early 2018, CEO Timur Turlov told reporters on Friday.

“We will be the first company from the former Soviet Union to get listing and meet all the requirement on audit and information disclosure set by the U.S. Securities and Exchange Commission. We plan to make an IPO at the end of this year or at the beginning of next year,” he said.

Parameters of the IPO will be defined closer to the placement date, he said.

Freedom Finance operates in Russia and the CIS states and organizes access to the largest stock floors – the NYSE, NASDAQ, AMEX, CBOT, CBOE, CME, exchanges in Moscow, London, and Kazakhstan. The company also provides brokerage services and trust management of securities. Its charter capital amounts to 1.58 billion rubles.

(59.9298 rubles – U.S. $1)

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