Headquarter of Futu Holdings in Shenzhen on 9 December 2020. Photo: Iris Ouyang Headquarter of Futu Holdings in Shenzhen on 9 December 2020. Photo: Iris Ouyang
Headquarter of Futu Holdings in Shenzhen on 9 December 2020. Photo: Iris Ouyang
Stocks

Futu aims to raise US$1.9 billion in follow-on stock sale in New York as Tencent-backed broker taps investors’ penchant for punting on IPOs

  • Online brokerage kicks off second follow-on share sale in eight months, targeting US$1.9 billion
  • Shenzhen-based firm seeks fresh capital to brace for cutthroat IPO retail competition

Topic |   Stocks
Headquarter of Futu Holdings in Shenzhen on 9 December 2020. Photo: Iris Ouyang Headquarter of Futu Holdings in Shenzhen on 9 December 2020. Photo: Iris Ouyang
Headquarter of Futu Holdings in Shenzhen on 9 December 2020. Photo: Iris Ouyang
READ FULL ARTICLE