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$300 million. In the offering, the company sold 2,374,356 ordinary shares, at a price of approximately US$126.35 per share.
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 99.32% stake in Turkish Bank A.Ş. The approval marks a key regulatory step toward completing the transaction. Upon completion, Turkish Bank would provide Freedom with an established banking platform from which to develop financial services in the country.
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