UP Fintech Holding Limited (TIGR) research, news, and more from GeoInvesting

Notable Share Transactions

Wed, 25 Mar 2020 04:00:00 GMT

BEIJING, March 25, 2020 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global Chinese investors, today announced that its Board of Directors has approved a share repurchase program pursuant to which the Company may purchase its outstanding American Depositary Shares (“ADSs”) with an aggregate market value of up to US$20 million over the next 12-month period. The Company’s repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions, the trading price of the Company’s ADSs and other factors, and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustments of its terms and size accordingly. The Company plans to use its available cash balance to fund repurchases made under this program.

Research

Wed, 20 Mar 2019 15:11:41 GMT

China IPO - UP Fintech Holding Limited (NASDAQ: TIGR), a leading online brokerage firm focusing on global Chinese investors and known as “Tiger Brokers”, announced that it priced its IPO of 13 million ADSs, each representing 15 Class A ordinary shares of the Company, at US$8.00 per ADS. The implied market cap after the IPO is about $1.1 billion, and the company is still losing money for 2018. The ADSs will begin trading on March 20, 2019 on the Nasdaq Global Select Market under the symbol "TIGR."

IPO Activity

Wed, 20 Mar 2019 14:21:10 GMT

BEIJING, March 20, 2019 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global Chinese investors, and known in Asia as “Tiger Brokers”, today announced the pricing of its initial public offering of 13,000,000 American Depositary Shares (the "ADSs"), each representing 15 Class A ordinary shares of the Company, at US$8.00 per ADS. The ADSs will begin trading on March 20, 2019 on the Nasdaq Global Select Market under the symbol "TIGR."

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,950,000 additional ADSs. The total gross proceeds of the offering are expected to be approximately US$104.00 million if the underwriters do not exercise their over-allotment option, and approximately US$119.6 million if the underwriters choose to exercise their over-allotment option in full.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., AMTD Global Markets Limited, China Merchants Securities (HK) Co., Limited and Top Capital Partners Limited are acting as the underwriters of this offering.

A registration statement related to the offering has been filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.