Freedom Holding Raised $300 Million for International Expansion

Freedom Holding Corp. raised $300 million through a secondary offering of shares, according to company filings submitted to the Securities and Exchange Commission.

The company sold 2.37 million shares at $126.35 per share. The transaction took place outside the United States, so U.S. citizens and companies were unable to participate.

The funds raised will be used to finance international expansion, Bloomberg reports, citing a company statement. “I am convinced that the digital infrastructure that my team and I have built in Kazakhstan will be in demand and competitive in all regions where we operate,” said Timur Turlov, founder and CEO of Freedom Holding.

On the Nasdaq on July 10, Freedom Holding shares rose 3.4%, reaching their highest level since October 2025.

In recent months, Freedom has stepped up its international activities, according to Bloomberg. In June, the company applied for a license in France that would allow it to enter the European digital banking market. In July, the Turkish regulator approved the acquisition of Turkish Bank A.S.

In April, at the Freedom Inside forum in Astana, Turlov announced plans to conduct a secondary offering of shares in Kazakhstan and several other countries, in addition to the United States, to finance the company’s expansion. “The growth of our business will require even more capital, which we will need to raise. Every subsequent deal with a bank or the acquisition of any license often requires hundreds of millions of dollars,” he said.

This article was AI-translated and verified by a human editor