Freedom Holding Corp. Announces Completion of US$300 Million Ordinary Share Offering
Rhea-AI Summary
Freedom Holding Corp. (Nasdaq: FRHC) completed an ordinary share offering raising aggregate gross proceeds of US$300 million, selling 2,374,356 shares at about US$126.35 each. The company plans to use the capital to support international expansion and its unified digital financial ecosystem built around the Freedom SuperApp.
According to Freedom Holding Corp., as of March 31, 2026 it served over 14 million customers, including 5.2 million SuperApp users, brokerage clients up 26% to 858,000, and banking clients roughly doubling to 5.03 million. Fiscal 2026 revenue rose to US$2.19 billion from US$2.0 billion, and net income increased to US$153.3 million from US$76.2 million. Basic EPS was US$2.56, diluted EPS US$2.51, total assets reached US$13.16 billion, and equity US$1.49 billion. In June 2026, S&P Global Ratings upgraded several Freedom subsidiaries to ‘BB-’ with a stable outlook, while the parent issuer rating was affirmed at ‘B-’.
Positive
- US$300 million gross proceeds from new ordinary share offering
- Customer base exceeds 14 million as of March 31, 2026
- Brokerage clients up 26% to 858,000; banking clients ~doubled to 5.03 million
- Fiscal 2026 revenue increased to US$2.19 billion from US$2.0 billion
- Net income rose to US$153.3 million from US$76.2 million
- Total assets of US$13.16 billion, shareholders’ equity of US$1.49 billion
- S&P upgraded key subsidiaries’ ratings to ‘BB-’ with stable outlook
Negative
- Issuance of 2,374,356 new shares creates equity dilution for existing shareholders
News Explained
Existing common holders now have a smaller percentage ownership absent offsetting changes, while the company has US$300 million in gross proceeds for expansion.
On
The company said it plans to use the proceeds for continued expansion and its international investment program.
Against the first-quarter report’s operating cash use of
Sources and calculations
- July 13 Freedom Holding Corp. offering completion release (2026-07-13)
- Dilution definition (2026-07-12)
- Freedom Holding Corp. first-quarter 2026 report (2026Q4)
- Offering gross vs quarterly operating cash outflow, in days of cash use $300,000,000 / ($1,548,675,000 / 90) = [object Object]
- Cash and equivalents vs quarterly operating cash outflow, in days of cash use $966,115,000 / ($1,548,675,000 / 90) = [object Object]
Market reaction after US$300 million ordinary share offering completion: FRHC -3.17% in the Jul 13 session
In the Jul 13 session, FRHC declined 3.17%, reflecting a moderate negative market reaction. Argus tracked a trough of -11.6% from its starting point during tracking. Our momentum scanner triggered 24 alerts that day, indicating elevated trading interest and price volatility.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 12 | Equity offering launch | Neutral | +0.5% | Announced launch of up to US$300 million common stock offering under Regulation S. |
| Apr 09 | Offering consideration | Neutral | -3.9% | Disclosed it was considering a Regulation S common stock offering in Kazakhstan. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
For prior offering-related headlines, the stock has shown a modestly negative average next-day move around these capital-raising announcements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEW YORK, July 13, 2026 (GLOBE NEWSWIRE) -- Freedom Holding Corp. (Nasdaq: FRHC), an international financial technology group, today announced that aggregate gross proceeds from its offering of ordinary shares were US
Freedom Holding Corp. plans to use the proceeds to support its continued expansion and international investment program.
“The proceeds from this offering will support the development of our ecosystem in international markets,” said Timur Turlov, founder and chief executive officer of Freedom Holding Corp. “I believe the ecosystem our team has built in Kazakhstan can be competitive not only in these markets, but also in the United States, where we intend to introduce it in due course,” he added.
Freedom is developing a unified digital ecosystem that brings together banking, brokerage, insurance, and lifestyle services. At the core of this model is the Freedom SuperApp, which provides access to financial products, payments, insurance, investments, ticketing, travel, and e-commerce services.
International Expansion
International growth is a key element of Freedom’s strategy. The company plans to develop digital financial services in Europe by drawing on its experience in building an integrated financial ecosystem in Kazakhstan.
Earlier in June 2026, Freedom Holding Corp. applied for a banking license in France. The company has also stated that it aims to attract 50 million new clients in Europe.
Freedom Finansal Hizmetler A.Ş., a subsidiary of Freedom, recently received approval from Türkiye’s Banking Regulation and Supervision Agency to acquire a
In November 2025, Freedom Holding Corp. received approval to open a bank in Georgia, further expanding the geographic reach of its financial ecosystem.
The company views Kazakhstan as the foundation for developing and refining its digital model for international markets. In 2025, Freedom’s ecosystem-building case was included in the MBA program at Stanford Graduate School of Business. The case became part of the school’s educational library and was prepared for use by students, faculty, and participants in international business programs.
Business and Financial Performance
As of March 31, 2026, Freedom’s ecosystem served more than 14 million customers across its banking, brokerage, insurance, lifestyle, and other business lines. The Freedom SuperApp had more than 5.2 million registered users.
The number of brokerage clients increased by
For the fiscal year ended March 31, 2026, Freedom Holding Corp.’s revenue increased to US
The company’s total assets reached US
In June 2026, S&P Global Ratings upgraded the ratings of JSC Freedom Finance, Freedom Finance Europe Ltd., Freedom Finance Global PLC, and JSC Freedom Bank Kazakhstan to ‘BB-’ with a stable outlook. Freedom Holding Corp.’s issuer credit rating was affirmed at ‘B-’.
About Freedom Holding Corp.
Freedom Holding Corp. provides financial services in 22 countries, including Kazakhstan, the United States, Cyprus, Poland, Spain, Uzbekistan, and Armenia. The Company’s principal executive office is located in New York City. In Kazakhstan, Freedom is actively developing its financial and digital ecosystem, which includes Freedom Bank, Freedom Broker, the insurance companies Freedom Life and Freedom insurance, as well as a lifestyle segment that features Arbuz.kz, Freedom Ticketon, and Aviata.
Freedom Holding Corp. shares are traded on the U.S. technology exchange NASDAQ, the Kazakhstan Stock Exchange (KASE), and the Astana International Exchange (AIX) under the ticker symbol FRHC. Freedom Holding Corp. is regulated by the U.S. Securities and Exchange Commission (SEC) and the common stock is included in Russell 3000 Index.
Contact
Head of Public Relations
Natalia Kharlashina
Freedom Holding Corp.
prglobal@ffin.kz
+77013641454
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/689175a0-3261-419d-9add-54b7426fd415
