Over the last two years, the capitalization of the Freedom Holding Corp. international holding has more than quadrupled, reaching nearly $4 billion. These and other accomplishments of the company piqued the interest of the Estonian media. Both the Estonian Äripäev and the Russian Delovye Vedomosti published an interview with Timur Turlov, the holding's CEO, at the same time. These are the leading local financial, economic, and political news outlets.
In Europe, Freedom Finance Europe has its own ambitious development strategy. The Baltic States are an important part of it, and the company now has several thousand clients there.
In an interview with Estonian newspapers, Timur Turlov stated that the key benefit of the Freedom24 platform is that it can be used to participate in American company IPOs. However, today this product, which is appealing to investors, generates only 10% of overall revenue for the broker, and reliance on it has fallen dramatically. Timur Turlov also discussed the results of the American Robinhood trading site's initial public offering.
A considerable number of shares were sold to venture capital firms and ordinary investors, including Freedom Finance clients. The market is likely to be flooded with shares of the platform in the next six months, as investors who purchased securities at a low price during the IPO will seek to cash out. As a result, a high level of volatility in Robinhood shares is not ruled out in the future.
China was addressed in the discussion concerning the holding's entry into new markets, as it is where practically all significant international organizations appear over time. Although Freedom Finance does not currently have such intentions, the possibility is being addressed more frequently.
You can find the complete interview on the
and Aripaev websites.