Freedom Holding is trading 4.2% down at $151.05 following a sharp multi-day swing related to its recently completed equity raise.
- The company raised $300 million by selling 2,374,356 ordinary shares at approximately $126.35 each.
- The stock is facing pressure as investors digest the dilution and supply effects resulting from the offering.
- Shares had jumped 5.9% on July 15 before pulling back in a weaker overall market.