Secondary Stock OfferingsBy The Online Investor Staff, updated Sat., May. 8, 7:21 AM
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Slide #18. Futu Holdings Limited — Secondary Offering
Futu Holdings Limited (NASDAQ:FUTU)
Date of Pricing:
Price Per Share:
Secondary Offering Details:
Futu Holdings Limited ("Futu" or the "Company") (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the pricing of the offering of 9,500,000 American depositary shares (the "ADSs"), each representing eight Class A ordinary shares of the Company (the "ADS Offering"), at a price of US$130 per ADS. The Company will grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs.
Futu Holdings is an investment holding company. Through its subsidiaries, Co. principally engages in online financial services including securities and derivative trades brokerage, margin financing and wealth management services based on independently developed software and websites like Futu NiuNiu mobile app. Co. also provides financial information and online community services, etc. Co. broadens its reach and promotes the exchange of information through NiuNiu Community, its social network services. Co. has embedded social media tools to create a network centered around its users, reduce information asymmetry and support the investing decision-making process.
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Strong Buy (4.00 out of 4)
(ranked higher than approx. 92% of all stocks covered)
Based on Zacks ABR data;
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