
Freedom Holding Corp., a growing financial services company, recently celebrated its five-year milestone on the NASDAQ stock exchange. Since its listing in October 2019 under the ticker FRHC, the company has achieved remarkable growth and expansion, becoming a recognized name in the financial industry. Over this period, Freedom Holding has not only expanded its operations but also introduced innovative solutions to the markets it serves. Here is a look at the top ten achievements of Freedom Holding Corp. over its five years on NASDAQ.
1. Strategic Expansion into Global Markets
One of Freedom Holding’s most notable achievements is its strategic expansion into various global markets. Initially focused on Central Asia, the company successfully extended its operations to the United States, Europe, and other regions. With offices in countries such as the United Kingdom, Cyprus, and Germany, Freedom Holding has positioned itself as a truly international financial services provider. This global presence has helped the company gain a diverse client base and build credibility across borders.
2. Acquisition of Prime Executions Inc.
In 2020, Freedom Holding took a major step forward by acquiring Prime Executions Inc., a New York-based brokerage firm and member of the New York Stock Exchange (NYSE). This acquisition enhanced the company’s ability to provide institutional trading services, allowing it to broaden its service offerings and strengthen its presence in the U.S. financial markets. This move was a pivotal moment, highlighting the company’s ambitions to grow within the highly competitive U.S. market.
3. Innovative IPO Participation for Retail Investors
Freedom Holding made waves by introducing an innovative approach that allows retail investors to participate in initial public offerings (IPOs), traditionally an opportunity reserved for institutional clients. Through its Freedom24 platform, the company democratized access to IPOs for smaller investors, a rare and revolutionary move. This offering became a major draw for new clients and solidified the company’s reputation for creating accessible investment opportunities.
4. Launch of Freedom24 and Online Trading Platform
The launch of Freedom24, a comprehensive online trading platform, marked a significant technological achievement for the company. Freedom24 provides retail investors with access to a wide range of securities, including stocks, bonds, options, and IPOs. With user-friendly tools and research resources, the platform quickly gained popularity among both novice and experienced investors. This digital innovation has contributed to the company’s growing user base and increased trading volumes.
5. Financial Growth and Strong Performance Metrics
Over the past five years, Freedom Holding has reported strong financial performance, consistently posting revenue growth and solid profitability. As of 2023, the company’s market capitalization exceeded $5 billion, reflecting its sustained upward trajectory. Key financial metrics such as revenue, assets under management (AUM), and net income have shown robust growth, reinforcing the company’s status as a rising force in the global financial services sector.
6. Introduction of Mobile Trading App
In addition to the Freedom24 web platform, Freedom Holding introduced its mobile trading app, providing users with the flexibility to trade on the go. The mobile app, available for both Android and iOS devices, offers all the functionality of the web platform, including access to real-time market data, IPO participation, and instant order execution. The app’s release was well received, further driving customer engagement and enhancing the firm’s digital presence.
7. Sustainability and Corporate Social Responsibility Initiatives
Freedom Holding has also made strides in the area of sustainability and corporate social responsibility (CSR). The company has been proactive in integrating environmental, social, and governance (ESG) factors into its business practices. It has supported numerous philanthropic initiatives across the regions it operates in, focusing on educational programs, healthcare, and community development. These efforts have not only enhanced the company’s public image but also aligned it with global sustainability trends.
8. Strong Leadership and Corporate Governance
Under the leadership of CEO Timur Turlov, Freedom Holding has benefitted from a clear and strategic vision. Turlov’s leadership has been instrumental in the company’s success, guiding it through complex market environments and ensuring its consistent growth. Moreover, Freedom Holding’s commitment to transparency, strong corporate governance practices, and adherence to regulatory standards have earned the trust of both investors and regulatory authorities.
9. Enhanced Client Services and Customer Experience
Over the past five years, Freedom Holding has continuously improved its client services and overall customer experience. By investing in cutting-edge technology and expanding its customer support teams, the company has been able to offer personalized services to a growing number of clients. The introduction of 24/7 support for its online platforms and the development of educational resources for investors have been key factors in retaining and expanding its customer base.
10. Recognition and Awards
Freedom Holding’s success has not gone unnoticed. The company has received several industry awards and accolades for its innovative services and outstanding performance. Notable recognitions include awards for its Freedom24 platform, which has been praised for its user-friendly design and accessibility. These accolades have further strengthened the company’s reputation in the financial services industry.
Freedom Holding Corp.’s five years on NASDAQ have been marked by remarkable achievements and steady growth. The company has proven its ability to adapt to evolving market conditions, expand its services globally, and provide innovative solutions to its clients. As it continues to grow and diversify its offerings, Freedom Holding is well-positioned to remain a key player in the financial services industry for years to come.
