BAKU, Azerbaijan, Nov. 18
By Fakhri Vakilov - Trend:
Russian Freedom Finance investment company wants to take the position of a leading retail investment bank in Uzbekistan, which would ensure the distribution of securities for private investors, representative of Freedom Finance told Trend in an interview.
“The company is actively integrating into the “people's IPO” program, and is also expanding its branch network. There are 8 offices now open throughout Uzbekistan. We see great potential in Uzbekistan’s market,” the official added.
Trend recently reported that Uzbekistan has placed 4.8 million shares owned by the state, representing 5 percent of the authorized capital of Quartz JSC for sale on the stock exchange.
“As a company, we won the right to participate as an underwriter for this offering. In fact, we, together with Uzbekistan’s National Bank, subscribe to these shares through our entire regional network, hold retail road shows, provide technical access for customers, and also solve a number of other tasks for the implementation of the placement,” said the representative.
The official stated that in the framework of the previous placement (Kokand Mechanical Plant) Freedom Finance attracted about 4,000 customers who took part in this placement.
“Now we are talking about SPO - the secondary offering of a company that is already being traded on the stock exchange. It’s too early to talk about the results as subscription continues,” the representative stressed.
Freedom Finance Group, a Russian investment company, is part of the international holding Freedom Holding Corp. It provides investment and banking services in 7 countries of the world.
The key specialization is the organization of access to trading on foreign stock markets (NYSE, Nasdaq, LSE, etc.).
“We are the first CIS brokerage company to receive a listing on the world's leading technology exchange - Nasdaq (FRHC ticker). For our 127,000 customers this is a confirmation of the reliability of the business and a new level of guarantees, ”the representative noted.
The Group also provides services for the organization and placement of securities for small, medium and large enterprises (full cycle underwriting).
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