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


(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.

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No pricing terms were posted in filing, but this new Chinese IPO could be one to watch.

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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.
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