Retail investors have had more time on their hands to punt on stocks since the pandemic started, giving a boost to online trading brokerages like Futu Holdings. Photo: EPA Retail investors have had more time on their hands to punt on stocks since the pandemic started, giving a boost to online trading brokerages like Futu Holdings. Photo: EPA
Retail investors have had more time on their hands to punt on stocks since the pandemic started, giving a boost to online trading brokerages like Futu Holdings. Photo: EPA
Business /  Companies

Tencent-backed online brokerage Futu looks to cash in on Hong Kong IPO boom with plans to expand margin financing

  • The Nasdaq-listed online brokerage has completed a follow-on sale of 9.5 million American depositary shares, its first since listing in March 2019
  • Priced at US$33 per share, the online brokerage raises US$313.5 million

Topic |   Banking & Finance
Georgina Lee
Georgina Lee

Updated: 10:13am, 19 Aug, 2020

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Retail investors have had more time on their hands to punt on stocks since the pandemic started, giving a boost to online trading brokerages like Futu Holdings. Photo: EPA Retail investors have had more time on their hands to punt on stocks since the pandemic started, giving a boost to online trading brokerages like Futu Holdings. Photo: EPA
Retail investors have had more time on their hands to punt on stocks since the pandemic started, giving a boost to online trading brokerages like Futu Holdings. Photo: EPA
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