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
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
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
