Freedom Holding Corp. Raises $300 Million in Stock Offering

By Tamara Parker • Saturday, July 11 10:50 • Permanent Link

Freedom Holding Corp. completed an offering of 2,374,356 shares of common stock and raised nearly $300 million in gross proceeds.

The company did not disclose a prior stock offering in the release, so there is no period-over-period comparison for the share count or proceeds. Following these announcements, the company's shares moved 3.42%, and are now trading at a price of $166.09. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.