Freedom is considering a stock offering outside the U.S.

Freedom is considering a secondary offering in Kazakhstan and a number of other jurisdictions besides the U.S., Timur Turlov, the holding's founder, said at the Freedom Inside forum in Astana on April 9.

Turlov did not specify the volume of the possible placement. Freedom's capital is required for business expansion, he said. "The growth of our business will require us to raise even more capital. Each successive bank deal or obtaining any license often requires hundreds of millions of dollars," Turlov said.

The offering could be a great opportunity that will benefit both Freedom and its investors, Turlov said. Before making a final decision and to gauge potential demand, Freedom will start collecting non-binding bids through the Tradernet and Freedom Broker applications starting April 10, he said.

The offering will be conducted in Kazakhstan and a number of other jurisdictions, but will not include the U.S. and will not be available to persons who are citizens or residents of the U.S., Turlov said.

This article was AI-translated and verified by a human editor