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Futu Holdings Priced, Nasdaq: FHL

Fast-growing low-commission online brokerage in China.

Industry: Financials

Latest Trade: $10.01 0.00 (0.0%)

First Day Return: +27.7%

Return from IPO: -16.6%

Industry: Financials

We are an advanced technology company transforming the investing experience by offering a fully digitized brokerage platform. Technology permeates every part of our business, allowing us to offer a redefined user experience built upon an agile, stable, scalable and secure platform. We primarily serve the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. As of December 31, 2018, we had an attractive and rapidly growing user base of 5.6 million, over 502,000 registered clients, defined as users who have opened trading accounts with us, and over 132,000 paying clients, defined as registered clients who have assets in their trading accounts. In 2018, we brokered HK$907.0 billion (US$115.8 billion) in client trades. According to Oliver Wyman, we ranked fourth among Hong Kong online retail brokers in terms of online brokerage revenue for the six months ended June 30, 2018.
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IPO News for Futu Holdings
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IPO Data
IPO File Date 12/28/2018
Offer Price $12.00
Price Range $10.00 - $12.00
Offer Shares (mm) 7.5
Deal Size ($mm) $90
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/07/2019
Offer Price $12.00
Price Range $10.00 - $12.00
Offer Shares (mm) 7.5
Deal Size ($mm) $90
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters , Hong Kong
Founded 2011
Employees 585
Website www.futuholdings.com