Chinese Online Broker Up Fintech Holdings Files for $150 Mill IPO

Alerts
^

(NEW YORK)— Chinese focused online broker Up Fintech Holding filed with the SEC Friday to raise up to $150 million in an initial public offering (IPO).

Founded in 2014, the Beijing, China-based company booked $34 million in sales for the 12 months ended December 31, 2018. The Company plans to list on the Nasdaq under the symbol TIGR, with Citi and Deutsche Bank being the joint bookrunners on the deal. Strategic shareholders include Interactive Brokers (IEX:IBKR) and Xiaomi.

Best Trader Tool Around

No pricing terms were posted in filing, but this new Chinese IPO could be one to watch.
https://www.itiger.com/?lang=en_US

IPO Investor Mailing List

Looking for updates and access to new and exciting IPO offerings? Register to our IPO investor mailing list and get updates on what next big issues are coming to market. https://wallstreetnewscast.com/profile/ipo-investors/

Disclaimer:
This is NOT a solicitation to Buy or Sell any security, but rather is for informational purposes only. Content contained herein includes facts, views, opinions and recommendations of individuals and organizations deemed of interest. Wall Street Newscast (“WSNC”) does not guarantee the accuracy, completeness or timeliness of, or otherwise endorse these views, opinions or recommendations, or give investment advice. WSNC, its affiliates, or directors, may or may not hold a position in the above security from time to time, and investors are encourage to consider this as a possible conflict of interest when reviewing this information. In Compliance with SEC Rule 17B Wall Street Newscast was not compensated for this media alert. WSNC, or its affiliates, may hold a position in above securities from time to time, and thus should be considered a possible conflict of interest when reviewing this report and information. As of date of this alert, WSNC, or any of its affiliates, held no positions in securities mentioned above. These investments may involve a high degree of risk, thus investors are highly encouraged to consult with a financial advisor before any and all investments.

Safe Harbor Statements:
This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
High Risk
Small and Micro cap, or ‘penny stocks’, involve a high degree of risk, and we highly encourage investors to consult with a financial advisor before making any and all investment decisions when investing in these type of securities

Share