Freedom Holding raises nearly $300M in stock offering, top decile for the region
What's the deal? Freedom Holding Corp. (Nasdaq: FRHC) has completed a stock offering that raised aggregate gross proceeds of nearly $300 million. The international financial technology group sold 2,374,356 shares of its common stock under Regulation S of the Securities Act of 1933.
Why the structure? Regulation S covers offerings made outside the US. The shares are not registered under the Securities Act and may not be offered or sold to US persons absent registration or an exemption.
By the numbers: The raise ranks in the 90th percentile among post-IPO equity rounds by fintech companies in Russia, based on a sample of 231 such deals. That places it among the larger capital raises in its category.
Market reaction: Freedom Holding stock traded at €143 on the Lang & Schwarz exchange at the time of the announcement, up 1.78%.
The signal: A near-$300 million offering routed through Regulation S underscores how fintech groups tied to markets outside the US tap international investors while sidestepping domestic registration. For a listed company already on Nasdaq, the raise adds equity capital without opening the sale to US buyers — a route that keeps growth funding flowing across jurisdictional lines.
Read more: wallstreet-online.de
Image credit: ehnmark
