On October 24, 2024, UP Fintech Holding Limited announced the successful closing of its public offering of 15,000,000 American Depositary Shares (ADSs). The ADSs were priced at US$6.25 per ADS, with each representing 15 Class A ordinary shares of the company. The underwriters maintain an option to purchase up to an additional 2,250,000 ADSs.
The net proceeds from this offering are designated for strengthening the company's capital base and supporting its business development initiatives. This capital infusion is expected to bolster UP Fintech's financial flexibility for future growth. Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited, and US Tiger Securities, Inc. acted as joint bookrunners.
The completion of this offering provides UP Fintech with significant resources to execute its strategic plans. This includes investments in technology, market expansion, and enhancing its service offerings to global investors.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.