Freedom Hldg Corp Nev Stock Price, News & Analysis

Freedom Holding Corp. (NASDAQ:FRHC) announced that its subsidiary, JSC Freedom Finance, has been named the top investment bond bookrunner in Kazakhstan for 2021 by Cbonds. The firm raised KZT516 billion, accounting for 35.76% of total funds, and led in both the number of issuers (15) and bond issues (29). Director Renat Syzdykov emphasized the significance of this achievement for their investment banking division, highlighting a market distribution of 42.85% for local bonds, totaling over KZT473 billion. These accomplishments reflect the firm's commitment to economic growth in Kazakhstan.

Freedom Holding Corp. (FRHC) has been honored with two prestigious awards for 2021: Best Research House and Most Innovative Securities Brokerage in Kazakhstan by International Finance. This recognition underscores the company's commitment to excellence in market research analytics, led by a skilled team. Additionally, its subsidiary Freedom Finance JSC received a 2021 Champions League bronze award for its achievements in the fixed income market, reflecting significant growth in their services.

Freedom Holding Corp. (NASDAQ:FRHC) plans to expand its services in Kazakhstan through acquisitions of multiple companies, pending regulatory approvals. The CEO, Timur Turlov, stated these acquisitions aim to enhance their online financial services platform. They will acquire Freedom Finance Life and Freedom Finance Insurance for approximately $26.07 million. Both companies possess strong assets and customer bases, with Freedom Finance Life rated 'B' by S&P. Additionally, the company will acquire PayBox.money and Ticketon.kz, enhancing its digital and payment capabilities in the region.

Freedom Holding Corp. (NASDAQ:FRHC) announced its agreement to acquire MKM Partners, LLC, a prominent institutional equity trading and research firm, for cash and common stock. The acquisition aims to enhance Freedom's services and extend its activities in the U.S. market. The transaction is subject to FINRA approval, with completion anticipated soon. The integration is expected to be smooth, leveraging MKM's existing management team.

Freedom Holding Corp. (NASDAQ:FRHC) announced on June 25, 2021, that S&P Global Ratings increased its long-term issuer credit ratings for its subsidiaries, JSC Freedom Finance and LLC Investment Company Freedom Finance, from 'B-' to 'B', with stable outlooks. Additionally, the national scale rating for JSC Freedom Finance was raised to 'kzBB+'. The ratings affirm the company's successful expansion and profitability in a growing economic environment. CEO Timur Turlov welcomed this validation of their regional economic stability and growth.

Freedom Holding Corp. (NASDAQ:FRHC) announced coverage initiation by Sidoti & Company, a leading Wall Street research firm. This is part of Sidoti's Company Sponsored Research program, aimed at enhancing independent analysis for investors. Company President Askar Tashtitov emphasized the importance of Sidoti’s reputation for quality research. The detailed report was released on May 27, 2021, and is accessible via the Company’s Investor Relations page. The Company does not endorse the report's conclusions, highlighting the need for investors to review its SEC filings.

Freedom Holding Corp. (NASDAQ:FRHC) has successfully acquired Prime Executions, Inc., marking its initial entry into the U.S. markets. Prime, a registered broker-dealer with the SEC and member of the NYSE, specializes in institutional trading. The acquisition is expected to create valuable synergies, with combined trading volumes exceeding 1.06 billion shares in December 2020. This strategic move aims to enhance the company's service offerings in both Eurasia and the U.S.

Freedom Holding Corp. (NASDAQ:FRHC) has received FINRA approval for its acquisition of Prime Executions, Inc., a U.S.-registered broker dealer, which is expected to close in early January 2021. This acquisition is a significant milestone, enhancing Freedom Holding's footprint in U.S. markets and enabling cost-efficient trade executions for clients. Robert Wotczak, with over 30 years of capital market experience, is appointed President and CEO of Prime Executions. The acquisition aims to provide improved access to market opportunities for clients in both U.S. and Eurasian markets.

Freedom Holding Corp. will present at the LD 500 investor conference on September 1, 2020, at 8:40 AM EDT. Timur Turlov, the Company CEO, will address a live virtual audience. The event, spanning from September 1-4, aims to provide an accessible platform for investors to connect with unique companies amidst COVID-19 challenges. Attendees can register at LD Micro. Freedom Holding trades on NASDAQ:FRHC and offers a range of financial services through its subsidiaries in various securities exchanges.