Up Fintech Hldg Ltd Stock Price, News & Analysis

UP Fintech Holding Limited (Nasdaq: TIGR) has successfully closed its public offering of 6,500,000 American Depositary Shares (ADSs), priced at US$24.50 per ADS, with underwriters exercising an option for 975,000 additional ADSs. The proceeds will be used for expanding the customer base, enhancing products and technology, and increasing international presence. The offering was completed under an automatic shelf registration with the SEC. Key underwriters include Citigroup Global Markets and Morgan Stanley.

UP Fintech Holding Limited (Nasdaq: TIGR) has announced a public offering of 6,500,000 American Depositary Shares (ADSs) at $24.50 each, with an option for underwriters to purchase an additional 975,000 ADSs. The offering is expected to close on June 11, 2021. Proceeds will be used to expand the customer base, enhance products, and increase international presence. This offering is registered with the SEC and details can be found on the SEC’s website.

UP Fintech Holding Limited (Nasdaq: TIGR) announced plans to offer 6,500,000 American Depositary Shares (ADSs), each representing 15 Class A ordinary shares. This underwritten public offering is subject to market conditions, with an underwriter option for an additional 975,000 ADSs. The proceeds will be used to expand the customer base, enhance products and services, and grow international presence. Citigroup, Morgan Stanley, and Tiger Brokers are the joint bookrunners for this offering.

UP Fintech Holding Limited (TIGR) reported robust Q1 FY 2021 earnings with total revenue soaring 255.5% year-over-year to $81.3 million. The company achieved record trading volume of $123.8 billion and added 296K new client accounts, increasing total clients with deposits by 180.4% to 376K. Client account balances reached a high of $21.4 billion. International expansion, particularly in Singapore, saw significant growth, with new funded accounts increasing over 300%. The firm also participated in numerous IPOs, underscoring its expanding market presence.

UP Fintech Holding Limited (TIGR) reported strong financial growth for Q1 2021, with total revenues soaring 255.5% to US$81.3 million, driven by rising user activity and commissions. The company achieved a net income of US$21.1 million, a stark contrast to the US$0.2 million loss from the previous year. Client assets surged to over US$21.4 billion, supported by an increase in funded accounts by 117,000. Total trading volume reached US$123.8 billion, nearly triple from the same period in 2020, indicating robust market adoption and expansion efforts.

UP Fintech Holding Limited (NASDAQ: TIGR) will announce its financial results for Q1 2021 on May 25, 2021, before U.S. market opens. The management will host a conference call at 8:00 AM ET (8:00 PM Beijing/Hong Kong Time). Due to COVID-19, operator-assisted calls are unavailable; participants must preregister online to receive dial-in details. A replay of the call will be available until June 2, 2021. UP Fintech focuses on offering innovative online brokerage services for global investors, enhancing user experience through advanced technology.

UP Fintech Holding Limited (NASDAQ: TIGR) announces its inclusion in the MSCI China All Shares Index, effective May 27, 2021. This recognition highlights the company's growth and commitment to technology-driven investment solutions for global clients. Founded in 2014, UP Fintech has successfully attracted over one million accounts, enabling trading in multiple markets, including the U.S., U.K., Hong Kong, Singapore, and Australia. CEO Wu Tianhua emphasized the firm's mission to enhance client asset allocation across markets through an efficient trading platform.

OTC Markets Group (OTCQX: OTCM) has partnered with Tiger Brokers, a prominent Asian stock brokerage, to provide clients with access to OTC Markets' Real-Time Level 2+ Quotes. This collaboration will enhance trading and investment decisions for Tiger Brokers' customers by offering real-time insights on OTCQX, OTCQB, and Pink market securities. OTC Markets aims to improve market data accessibility, which is crucial for investors in the OTC space. This strategic alliance reflects both companies' commitment to leveraging technology for better market participation.

UP Fintech Holding Limited (NASDAQ: TIGR) announced a successful private placement of convertible notes totaling US$90 million with leading institutional investors. The notes will mature in 2026 unless converted beforehand, subject to standard closing conditions. UP Fintech focuses on providing a mobile and online trading platform for global investors, offering a range of services including trade execution and margin financing. This strategic move is expected to bolster their market position and enhance service offerings.