Shares of Freedom Holding Corp. on the U.S. Nasdaq exchange set a new record of value: their price rose above $192 for the first time. However, the growth, which was observed at the beginning of trading, was soon replaced by a decline.
Details
The value of Freedom Holding shares during the trading on August 7 reached $192.23. This is 1% higher than the last closing price, as well as the maximum for the entire time of securities circulation on the stock exchange.
However after reaching the peak the price of securities began to decrease, and at the minimum for the day it made $185.46. It is 2.5% less than the closing level of the day before.
Freedom Holding's market capitalization held above $11.3 billion during trading. The company came above the $10 billion threshold for the first time in May. The stock has risen 42% since the start of 2025 and nearly 115% over the past 12 months. By comparison, the main U.S. index, the S&P 500, has added only 7.4% over the same period.
Context
Freedom Holding in 2019 became the first broker from the CIS to place shares on the American exchange Nasdaq. Since then, the company's securities have risen in price by more than 1,000%. In June, Freedom Holding's shares included in the Russell 3000 index, which covers 98% of all public companies on the U.S. market. In July, the securities added to the First Trust Financial AlphaDEX Fund (FXO), which also includes securities of Warren Buffett's Berkshire Hathaway investment holding company, major Wall Street banks Goldman Sachs and Citigroup, trading platform Robinhood, cryptocurrency exchange Coinbase and other companies.
Thanks to the rally, the fortune of holding company founder Timur Turlov has reached $7.9 billion, according to the Forbes Real-Time ranking, which is updated in real time according to quotes. At the time this text was published, Turlov's fortune was down about $173 million, and he was ranked 415th in the ranking. The same condition, for example, the co-founder of the British fintech Revolut Nikolay Storonsky, who occupies the 417th line, the rating shows.
This article was AI-translated and verified by a human editor
