The story of Freedom Holding Corp. (FRHC) became the subject of a case study at one of the world's leading business schools - Stanford Graduate School of Business, the holding's founder Timur Turlov reported on Instagram.

«One of the top 3 business schools in the world - the Stanford Graduate School of Business - has released a case study on Freedom Holding Corp. The case is not an advertisement. It is a teaching material that MBA students take apart: strategy, business model, management decisions, culture, figures, risks, context,» Turlov wrote;

The case study examines how Freedom Holding's business was built from a Kazakhstani brokerage company to a full-fledged financial ecosystem. The question of how to develop the company further - to strengthen its position in Kazakhstan, expand in the CIS countries or enter new regions like Southeast Asia and the Middle East - is discussed;

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 1000%. In May, Freedom Holding's capitalization exceeded $10 billion for the first time.  

Freedom Holding's shares have risen nearly 11% this year, while the S&P 500 U.S. broad market index has added less than 5%. Thanks to the rally, the fortune of Freedom Holding's main shareholder and founder Timur Turlov reached $6.2 billion as of June 27, from the Forbes ranking;

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

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