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Freedom Holding Corp. - FRHC STOCK NEWS

Welcome to our dedicated page for Freedom Holding news (Ticker: FRHC), a resource for investors and traders seeking the latest updates and insights on Freedom Holding stock.

Freedom Holding Corp. (symbol: FRHC) is a prominent player in the securities industry, offering a comprehensive range of financial services through its subsidiaries. These services include retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services. The company operates across several key international markets including Central Asia, Europe, the United States, and the Middle East/Caucasus, with Europe contributing the majority of its revenue.

Freedom Holding Corp. provides investment brokerage services for a diverse array of financial instruments such as exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, government bonds, and mutual funds. Additionally, the company offers margin lending services, which are collateralized by securities and cash in the customer's account.

To support its clients' investment decisions, Freedom Holding Corp. offers various investment education and training courses alongside comprehensive investment research services. The company also delivers capital raising solutions for corporate clients through initial public offerings (IPOs) and follow-on offerings. Its debt capital markets solutions are tailored to structure and distribute private and public debt for a variety of purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations.

Freedom Holding Corp. is an active participant on several major exchanges, including the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). This extensive network reflects the company’s strategic focus on providing robust financial services and expanding its market presence across Eurasia.

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Freedom Holding Corp. (NASDAQ: FRHC), a global financial services company, has expanded its board to seven members with the addition of Dr. Kairat Kelimbetov, Andrew Gamble, and Philippe Vogeleer. This move aims to enhance corporate governance, risk management, and compliance as the company grows internationally. Additionally, the company has created a Chief Legal Officer (CLO) position, appointing former board member Jason Kerr to the role. The new appointments are effective May 28, 2024, and are expected to strengthen the company's strategic positioning and operational capabilities.

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Freedom Holding Corp. (NASDAQ: FRHC) will sponsor and compete in the 2024 FIDE World Corporate Chess Championship, a landmark event to be held from June 15-17, 2024, in New York City's historic Cunard building. The championship will feature top business leaders and chess stars, marking FIDE's 100th anniversary. CEO Timur Turlov emphasized the strategic parallels between chess and business. Sponsorships remain available, and ticket sales start on May 20, 2024. Freedom Holding Corp. operates in 19 countries, offering diversified financial services and employing over 6,000 people.

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Freedom Holding Corp. (FRHC) CEO, Timur Turlov, to participate in two New York investor conferences in April. He will discuss topics like technology, global financial services, and business principles. LD Micro Invitational XIV will feature 80 companies and 500 investors.
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Freedom Holding Corp. reports $419 million in revenue for the third quarter of fiscal 2024, with net income of $96 million. Total revenue for the nine months ending December 31, 2023, was approximately $1.2 billion, showing a significant increase. The company's operating expenses also rose, but net income saw a substantial growth. Total assets and brokerage customer count have notably increased, reflecting a strong performance. CEO Timur Turlov emphasizes the growth in Central Asia and Eastern Europe, highlighting revenue diversification and strategic expansion.
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Freedom Holding Corp. (FRHC) announced the conclusion of an external review into wide-ranging allegations. The review was commissioned by the independent members of its board of directors. The company's stock price experienced a significant decline following the allegations.
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Freedom Holding Corp. (FRHC) received a Non-Compliance Letter from Nasdaq due to the delayed filing of its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023. The company has 60 days to submit a plan to regain compliance and may be granted up to 180 days to do so. If the plan is not accepted, the company can appeal the decision. The Non-Compliance Letter does not immediately affect the company's stock listing on Nasdaq.
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LD Micro announces the 13th installment of LD Micro Invitational, a three-day investor conference to be held in Los Angeles from June 6-8, 2023. The conference will feature over 150 companies and is expected to attract over 800 patrons. LD Micro will also host a virtual open forum on May 4 to discuss LD-related topics.
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FAQ

What is the current stock price of Freedom Holding (FRHC)?

The current stock price of Freedom Holding (FRHC) is $127.17 as of December 20, 2024.

What is the market cap of Freedom Holding (FRHC)?

The market cap of Freedom Holding (FRHC) is approximately 7.7B.

What services does Freedom Holding Corp. offer?

Freedom Holding Corp. provides retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services.

In which regions does Freedom Holding Corp. operate?

Freedom Holding Corp. operates in Central Asia, Europe, the United States, and the Middle East/Caucasus.

Which exchanges is Freedom Holding Corp. active on?

The company is active on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE).

What types of financial instruments can Freedom Holding Corp. clients invest in?

Clients can invest in corporate equity and debt securities, money market instruments, exchange-traded options and futures contracts, government bonds, and mutual funds.

Does Freedom Holding Corp. offer margin lending services?

Yes, the company offers margin lending services collateralized by securities and cash in the customer's account.

What educational services does Freedom Holding Corp. provide?

The company offers various investment education and training courses to support clients' investment decisions.

How does Freedom Holding Corp. assist in capital raising?

Freedom Holding Corp. provides capital raising solutions through initial public offerings (IPOs) and follow-on offerings.

What are the purposes of Freedom Holding Corp.’s debt capital markets solutions?

The debt capital markets solutions focus on structuring and distributing private and public debt for buyouts, acquisitions, growth capital financings, and recapitalizations.

Which segment accounts for the majority of Freedom Holding Corp.'s revenue?

The European segment accounts for the majority of the company’s revenue.

Does Freedom Holding Corp. offer investment research services?

Yes, the company provides comprehensive investment research services.

Freedom Holding Corp.

Nasdaq:FRHC

FRHC Rankings

FRHC Stock Data

7.70B
17.60M
70.96%
1.01%
0.63%
Capital Markets
Security Brokers, Dealers & Flotation Companies
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United States of America
NEW YORK, NY