Futu Holdings Limited Stock Price, News & Analysis

On April 24, 2021, Futu Holdings Limited (Nasdaq: FUTU) announced the completion of its American depositary shares (ADS) offering, raising approximately $1.42 billion from 10,925,000 ADSs priced at $130.00 each. This includes 1,425,000 ADSs sold via an underwriters' option. The proceeds will primarily fund margin financing, international expansion, and potential investments. The offering utilized the company's shelf registration statement filed with the SEC. BofA Securities and Haitong International Securities are the joint bookrunners.

Futu Holdings Limited (Nasdaq: FUTU) announced the pricing of its ADS Offering, selling 9,500,000 American depositary shares at US$130 each. The offer has a 30-day underwriter option for an additional 1,425,000 ADSs. Proceeds will primarily support margin financing, international expansion, new licenses, and potential acquisitions. The offering is done under the effective shelf registration statement with the SEC. The completion of the offering is not guaranteed.

Futu Holdings Limited (Nasdaq: FUTU) announced the offering of 9,500,000 American depositary shares (ADSs), each representing eight Class A shares. The company plans to grant underwriters a 30-day option to purchase an additional 1,425,000 ADSs. The net proceeds will primarily be used for margin financing, international expansion, new licenses, and acquisitions. The offering is made under a shelf registration statement filed with the SEC. There is no assurance that the offering will be completed.

Futu Holdings Limited (Nasdaq: FUTU) announced the filing of its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the SEC. The report is available on the company's investor relations website. Shareholders can request a free copy of the report containing audited consolidated financial statements from the Investor Relations Department. Futu is an online brokerage and wealth management platform in China, focused on serving the affluent population, leveraging its digital platform, Futubull, for various trading services.

Futu Holdings Limited (Nasdaq: FUTU) reported significant growth in its fourth quarter and full year 2020 financial results. The company achieved a 281.6% increase in total revenues, reaching HK$1,186.4 million (US$153.0 million). Total client assets surged 227.3% year-over-year to HK$285.2 billion. Net income soared by 699.9% to HK$1,325.5 million (US$171.0 million). Notably, the total number of paying clients grew 160.5% to 516,721 and daily average revenue trades rose 339.9% year-over-year. The company’s robust expansion in trading volume and client services underpins its strong market position.

Futu Holdings Limited (NASDAQ: FUTU) will report its financial results for Q4 and full year 2020 on March 16, 2021, before U.S. markets open. An earnings conference call is scheduled for the same day at 7:30 AM ET, requiring pre-registration. The company is positioning itself to capture the growing affluent market in China through its digital brokerage platform, Futubull, which offers trade execution and margin financing. This announcement highlights Futu's ongoing commitment to enhancing the user experience through integrated applications and analytical tools.

Futu Holdings Limited (NASDAQ: FUTU) announced a significant investment where a leading global firm will purchase approximately 50 million Class A ordinary shares for around US$260 million in prepaid warrants. This transaction is pending customary closing conditions and is expected to finalize soon. The share issuance complies with Regulation S under the Securities Act, ensuring it is exempt from registration. Futu, a tech-driven online brokerage in China, aims to reshape the wealth management industry through its digital platform, Futu NiuNiu.

Futu Holdings Limited (NASDAQ: FUTU) reported impressive third-quarter results for 2020. Total revenues soared 272.1% year-over-year to HK$946.2 million (US$122.1 million), while total gross profit surged 314.1% to HK$764.1 million (US$98.6 million). Net income dramatically increased 18 times year-over-year, reaching HK$401.7 million (US$51.8 million). The company experienced robust growth in client metrics, with paying clients up 136.5% to 418,089 and total trading volume skyrocketing 381.1% to HK$1,014.7 billion. Strong demand for IPOs on its platform contributed significantly to these results.

Futu Holdings Limited (NASDAQ: FUTU) announced its stock's inclusion in the MSCI Hong Kong Small Cap Index, effective November 30, 2020. This index is known for measuring the performance of small cap stocks in Hong Kong and serves as a benchmark for global institutional investors. Futu Holdings specializes in providing a digitized brokerage platform targeting China's emerging affluent, offering services including trade execution and margin financing through its app, Futu NiuNiu, which integrates analytical tools and social media features.