Nasdaq-listed Freedom Holding Corp., a financial services and technology company, has completed an offering of ordinary shares, raising $300 million in aggregate gross proceeds. The transaction comes as the company prepares to scale its digital ecosystem internationally.
As part of the offering, Freedom Holding Corp. placed 2,374,356 ordinary shares at $126.35 per share. The offering was conducted pursuant to Regulation S under the U.S. Securities Act of 1933 and was made exclusively to non-U.S. persons in offshore transactions outside the United States.
“Freedom has always been a shareholder-driven company – one that has grown and created value together with its clients. This is not our first transaction in the capital markets,” said Timur Turlov, founder and Chief Executive Officer of Freedom Holding Corp. “The proceeds from this offering will be used to develop our ecosystem in international markets,” he said.
Freedom’s strategy is built around combining financial and non-financial services within a single digital environment. The company is developing a unified ecosystem that brings together banking, brokerage, insurance, payments, investments, ticketing, travel, e-commerce, and other everyday services.
The central element of this model is the Freedom SuperApp. The SuperApp is designed to cover a broader range of customer needs, from financial products and payments to insurance, investments, ticketing, travel, and e-commerce services.
Kazakhstan has become Freedom’s main platform for developing and refining this model for international markets. As of March 31, 2026, the company’s banking segment had 5.026 million clients, its brokerage segment had 858,000 clients, and its other services segment had 1.105 million clients.
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.
International expansion is one of the key elements of Freedom’s strategy. The company plans to develop digital financial services in Europe, where it intends to compete in the modern neobanking segment by leveraging its experience in building an ecosystem in Kazakhstan. Earlier in June 2026, Freedom Holding Corp. applied for a banking license in France.
Türkiye is another important growth market for the company. Freedom Finansal Hizmetler A.Ş., a subsidiary of Freedom, has received approval from Türkiye’s Banking Regulation and Supervision Agency to acquire 99.32% of Turkish Bank A.Ş. This decision marks a key regulatory step toward completing the transaction. In November 2025, Freedom Holding Corp. also received approval to open a bank in Georgia.
“I believe the ecosystem we have built with our team in Kazakhstan will be in demand and competitive not only in these markets, but also in the United States, where we intend to bring it in due course,” Turlov said.
Freedom Holding’s financial results show that this new phase of expansion is beginning as the business continues to grow. For the fiscal year ended March 31, 2026, Freedom Holding Corp.’s revenue increased to $2.19 billion from $2.0 billion a year earlier. Net income rose to $153.3 million from $76.2 million in the previous fiscal year. Basic earnings per share were $2.56, while diluted earnings per share were $2.51.
As of March 31, 2026, the company’s total assets reached $13.16 billion, while shareholders’ equity stood at $1.49 billion.
The approximately $300 million offering is an important step for Freedom as the company expands its international strategy. With continued development of the SuperApp, plans for France and Türkiye, approval for the Turkish Bank transaction, and a growing financial ecosystem, Freedom is building the foundation for its next stage of international growth.
