FUTU News

Futu Holdings, which is a fast-growing low-commission online brokerage in China, raised $90 million by offering 7.5 million shares at $12, the high end of the range of $10 to $12. Futu Holdings plans to list on the Nasdaq under the symbol FHL. Goldman Sachs (Asia), UBS Investment Bank and Credit Suisse acted as lead managers on the deal....read more

The February lull is over, and March is kicking off with two growth IPOs targeting almost $200 million in total. Due to the government shutdown and poor 4Q18 returns, this year has seen only 11 IPOs raise $1.2 billion, down from 28 IPOs raising $10.9 billion at this point last year. However, we expect activity to normalize in March and April, helped by strong returns from...read more

Futu Holdings, a fast-growing online brokerage in China, announced terms for its IPO on Tuesday. The Hong Kong-based company plans to raise $120 million by offering 10.9 million ADSs at a price range of $10 to $12. Tencent intends to purchase $30 million worth of ADSs in the offering (25% of the deal). At the midpoint of the proposed range, Futu Holdings would command a fully...read more

Futu Holdings, a fast-growing online brokerage in China, filed on Friday with the SEC to raise up to $300 million in an initial public offering. The Hong Kong-based company was founded in 2011 and booked $92 million in revenue for the 12 months ended September 30, 2018. It plans to list on the Nasdaq under the symbol FHL. Futu Holdings filed confidentially on October 19, 2018...read more