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