Up Fintech Hldg Ltd Stock Price, News & Analysis

UP Fintech Holding Limited (NASDAQ: TIGR) has announced it has surpassed one million customer accounts, a milestone reached faster than any competitor targeting global Chinese investors. Since launching its Tiger Trade app six years ago, the company has made significant investments in innovation, enabling clients to trade across multiple global markets including the U.S., China, and Europe. CEO Wu Tianhua highlighted ongoing efforts to expand services like investment banking and ESOP management, aiming to enhance client offerings and capture high-net-worth individuals.

UP Fintech Holding Limited (NASDAQ: TIGR) reported strong Q3 2020 results with total revenues of US$38.0 million, up 148.2% year-over-year. The company added 46,800 funded accounts, a 7X increase from the previous year, reaching 214,700 accounts overall. Total account balance surged 188.1% to US$10.9 billion. Operating income improved to US$7.4 million from a loss of US$2.5 million in Q3 2019. Net income attributed to UP Fintech was US$3.8 million, compared to a loss of US$1.3 million last year. The firm continues to expand its brokerage and investment banking services internationally.

UP Fintech Holding Limited (NASDAQ: TIGR) will announce its financial results for Q3 2020 on November 25, 2020, before U.S. market opening. An earnings conference call will be held at 8:00 AM ET on the same day. Due to COVID-19, preregistration is required for participation. The call's details, including dial-in and passcode, will be provided post-registration. A telephone replay will be available until December 9, 2020. UP Fintech focuses on providing online brokerage services to global investors, offering various financial solutions via its proprietary platform.

UP Fintech Holding Limited (NASDAQ: TIGR) reported a strong second quarter for 2020, with total revenues reaching US$30.1 million, a growth of 121.8% year-over-year. The company achieved an operating income of US$5.1 million, compared to an operating loss of US$2.6 million in the same quarter last year. Notable increases included total account balances rising 132.9% to US$8.3 billion and a significant uptick in the number of clients with deposits, growing 76.7% year-over-year. The company also initiated a share repurchase program, buying back 695,287 ADS for about US$2.2 million.

UP Fintech Holding Limited (NASDAQ: TIGR) announced it will report its Q2 2020 financial results before the U.S. market opens on August 18, 2020. The earnings conference call will be held at 8:00 AM ET, allowing investors to gain insights into the company’s performance and future outlook. Due to COVID-19, participants must preregister online to join the call. A replay will be available until August 25, 2020. UP Fintech continues to cater to global Chinese investors through its innovative trading platform and comprehensive services.

On August 3, 2020, it was reported that UP Fintech Holding's subsidiary, Tiger Brokers (NZ), acted as an underwriter for Li Auto's successful IPO, which raised $1.1 billion at $11.5 per ADS. The IPO was notable for attracting over $1.887 billion in subscription orders, with significant backing from institutional investors. Li Auto's shares surged 43% on its debut, bringing its market cap to approximately $13.9 billion. UP Fintech has participated in over 50 Chinese ADR IPOs, solidifying its position as a leading underwriter for China-based firms in the U.S.

UP Fintech Holding Limited (NASDAQ: TIGR) reported impressive Q1 2020 financial results, with total revenues of US$23.2 million, a 136.7% increase from Q1 2019. The firm achieved a net income of US$3.0 million, a turnaround from a net loss of US$2.9 million last year. Client activity surged, with a 79.7% increase in total account balances, reaching US$5.5 billion. The company enhanced its platform by onboarding Singapore clients and introducing a Fund Mall for mutual fund subscriptions. Additionally, a share repurchase program commenced, acquiring approximately 508,568 ADS for US$1.5 million.

UP Fintech Holding Limited (NASDAQ: TIGR) will release its financial results for Q1 2020 on May 28, 2020, prior to U.S. market opening. A conference call is scheduled for the same date at 8:00 AM ET, where management will discuss the earnings. Due to COVID-19, participants must preregister online to join the call, which will provide dial-in details. The call will be available for replay until June 6, 2020. UP Fintech focuses on serving global Chinese investors through its advanced trading platform, offering various financial services.