Timur Turlov at the Nasdaq’s closing bell ceremony. / Photo: Instagram / Timurturlov
On June 14, Freedom Holding Corp. CEO Timur Turlov iconically rang the Nasdaq stock market closing bell in New York.
Speaking from the trading floor, Turlov noted that Freedom Holding Corp. would celebrate its fifth anniversary as a Nasdaq-listed company later in 2024.
“Joining the Nasdaq came with the responsibility of being a publicly traded company and a commitment to strong transparency. Our partnership with the Nasdaq has helped us grow into a larger, better-organized business, giving millions of people around the world the opportunity to own shares and take part in our success,” he said.
Another reason for Turlov’s appearance was the upcoming Corporate Chess Championship, which Freedom Holding cohosts with the International Chess Federation (FIDE), to take place from June 15 to June 17.
“Some time ago, we realized the universal power of chess: It knows no borders, needs no translation, and brings together people of all kinds from across the globe — and across continents. Regardless of who wins, we believe this championship will open tremendous networking opportunities for participants, and we hope to see many new agreements formed as teams come together to compete,” said Turlov.
Freedom Holding went public on the Nasdaq in October 2019 under the ticker symbol FRHC. Since then, its stock has surged more than 400% (as of the June 13, 2024, close). On June 14, the shares gained over 5% following the release of earnings. Freedom Holding Corp. reported that revenue doubled to $1.6 billion in the 2025 fiscal year, driven by higher interest income, insurance underwriting, and commission-based revenue. Net income for the year came in at $375 million.
