Nasdaq-listed financial technology group Freedom Holding Corp. said on Monday that it completed an ordinary-share offering generating $300 million in gross proceeds.
The company sold 2,374,356 shares at approximately $126.35 each. Its July 10 transaction disclosure classified the sale as an unregistered offshore offering under Regulation S, limited to non-U.S. persons.
Freedom said there were no underwriting discounts or commissions. Its affiliated placement agent, Freedom Finance Global PLC, will receive a fee equal to 1% of the aggregate offering price, capped at $3 million.
Capital supports international expansion
Freedom said the proceeds will support its international expansion and digital financial ecosystem. The announcement did not specify any allocation for a particular acquisition, country or project.
Timur Turlov, founder and chief executive officer of Freedom Holding Corp., said, “The proceeds from this offering will support the development of our ecosystem in international markets.”
Through its Freedom SuperApp, Freedom brings together banking, brokerage, insurance, payments, investments and lifestyle services, and as of March 31 it had more than 5.2 million registered users.
The fundraising comes after Freedom’s June filing for a French banking licence. It is also moving ahead with the planned purchase of 99.32% of Turkish Bank A.Ş. following approval from Türkiye’s banking and competition regulators, although the offering proceeds have not been allocated to either initiative.
