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UP Fintech Holding Ltd American Depositary Share representing fifteen - TIGR STOCK NEWS

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UP Fintech Holding Ltd, also known as Tiger Fintech in Asia and traded on Nasdaq under the ticker symbol TIGR, is a leading online brokerage firm that primarily serves global Chinese investors. The company offers a comprehensive trading platform that allows users to trade equities and other financial instruments across multiple exchanges worldwide. Their extensive suite of services includes trade order placement, margin financing, account management, investor education, community discussion, and customer support.

Founded in 2014, UP Fintech is committed to leveraging next-generation technologies to redefine global investing. In March 2019, the company went public on Nasdaq.

Recent financial results for Q1 2024 indicated robust growth. The company achieved revenue of USD 78.9 million, marking a 19% YoY increase. Non-GAAP net income surged by 42.4% YoY to USD 14.7 million. The total number of global accounts reached 2.25 million, with funded accounts growing to 933,400, a 15% YoY increase. The total trading volume for the quarter was USD 85.4 billion.

UP Fintech has made significant inroads in markets such as Singapore, Hong Kong, Australia, and New Zealand. In Singapore, they launched the first local debit card that rewards users with fractional shares, and the Cash Boost trading account, allowing clients to trade without pre-depositing funds. In Hong Kong, they introduced virtual asset trading services and received a Type 9 license for asset management services.

The company’s innovative features like Trading Sparks, multi-leg options trading, and TigerGPT AI chatbot have enhanced user engagement. In Q3 2023, their wealth management AUM grew by 68.7% QoQ, and they introduced new products to meet diverse investment needs.

UP Fintech’s investment banking and ESOP services are also thriving. The company has underwritten numerous IPOs and secured leading positions in both the Hong Kong and US markets. Their ESOP brand, UponeShare, added 27 new corporate clients in Q3 2023.

With over 10 million users and 2 million account holders globally, UP Fintech continues to expand its footprint, committed to delivering a superior user experience and innovative financial solutions.

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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.

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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.

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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.

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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.

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UP Fintech Holding Limited (TIGR) reported a 136.5% revenue increase in Q4 2020, totaling US$47.2 million, compared to US$20.0 million in Q4 2019. The company achieved a net income of US$10.3 million for the quarter, a significant rise from US$0.3 million last year. For the full year, revenues reached US$138.5 million, with US$22.3 million in net income, recovering from a loss in 2019. Total account balances surged to US$16.0 billion, driven by a 215.9% year-over-year increase. The firm plans to expand internationally, enhancing its trading platform and product offerings.

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UP Fintech Holding Limited (NASDAQ: TIGR) reported strong financial results for Q4 and the full year of 2020. Total revenues reached US$47.2 million, up 136.5% YoY, driven by commissions and interest income. Non-GAAP net income for Q4 was US$10.3 million, marking a significant improvement from last year. The total account balance soared 215.9% to US$16.0 billion. For the fiscal year, total revenues were US$138.5 million, an increase of 136.1% YoY, with net income rising to US$16.1 million from a loss of US$6.6 million in 2019.

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UP Fintech Holding Limited (NASDAQ: TIGR) will report its fourth quarter financial results for the period ending December 31, 2020, before the U.S. market opens on March 26, 2021. The management will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day. Due to COVID-19, the conference call will require preregistration, and the details, including the conference ID, will be provided upon completion. An archived webcast will be available post-call, along with a telephone replay until April 2, 2021.

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UP Fintech Holding Limited (TIGR) announced its subsidiary, Tiger Brokers Singapore, achieved over 100% growth in client accounts for the third consecutive quarter ending December 31, 2020. Active traders increased at a monthly growth rate of 45%, significantly outpacing Singapore's industry growth of 20%. The company launched its trading platform in Singapore in February 2020, aiming to offer low commissions and a comprehensive trading experience. Tiger Brokers Singapore now provides access to various global securities and investment products, enhancing its presence in international markets.

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UP Fintech Holding Limited (TIGR) served as the lead underwriter for Kuke Music's U.S. IPO, highlighting its capabilities in assisting Chinese companies with capital raising internationally. This milestone underscores UP Fintech's role as a top underwriter for Chinese ADR issuers, leading in deal count in 2019 and 2020. The firm has a network of over 500 institutions across the U.S., Canada, and Asia-Pacific, enhancing its market reach. UP Fintech has also participated in other notable IPOs, indicating strong market insights and a diverse portfolio in investment banking.

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UP Fintech Holding Limited (NASDAQ: TIGR) announced a private placement of convertible notes totaling US$65 million, led by an affiliate of Xiaomi Corporation. The convertible notes, which are set to mature in 2026, are subject to customary closing conditions. UP Fintech is a prominent online brokerage catering to global investors, offering innovative trading solutions and services.

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FAQ

What is the current stock price of UP Fintech Holding American Depositary Share representing fifteen (TIGR)?

The current stock price of UP Fintech Holding American Depositary Share representing fifteen (TIGR) is $7.65 as of December 13, 2024.

What is the market cap of UP Fintech Holding American Depositary Share representing fifteen (TIGR)?

The market cap of UP Fintech Holding American Depositary Share representing fifteen (TIGR) is approximately 1.3B.

What is UP Fintech Holding Ltd?

UP Fintech Holding Ltd, also known as Tiger Fintech, is a leading online brokerage firm focusing on global Chinese investors. It is listed on Nasdaq under the ticker symbol TIGR.

What services does UP Fintech offer?

UP Fintech offers brokerage services, trade order placement, margin financing, account management, investor education, community discussion, and customer support.

How did UP Fintech perform financially in Q1 2024?

In Q1 2024, UP Fintech achieved revenue of USD 78.9 million and a non-GAAP net income of USD 14.7 million. The total number of global accounts reached 2.25 million.

What is Tiger Trade?

Tiger Trade is UP Fintech's flagship trading platform that allows users to trade a variety of financial instruments across global exchanges.

What recent innovations has UP Fintech introduced?

Recent innovations include the Trading Sparks feature, multi-leg options trading, the TigerGPT AI chatbot, and the Tiger BOSS Debit Card in Singapore.

In which markets does UP Fintech operate?

UP Fintech operates in multiple markets including Singapore, Hong Kong, Australia, New Zealand, the US, and Mainland China.

What are UP Fintech’s key financial highlights for Q3 2023?

In Q3 2023, UP Fintech achieved revenue of USD 70.1 million with a non-GAAP net income of USD 16 million. The company added 28,803 new global account holders.

What awards has UP Fintech received?

UP Fintech has received several awards including the Singapore Best Customer Service award and the Best Retail Broker 2023 by SIAS.

How does UP Fintech support investor education?

UP Fintech supports investor education through community discussions, educational courses, and features like Trading Sparks and the TigerGPT AI chatbot.

What is the future outlook for UP Fintech?

UP Fintech aims to continue its global expansion, introduce more innovative products, and solidify its market positions in key regions.

UP Fintech Holding Ltd American Depositary Share representing fifteen

Nasdaq:TIGR

TIGR Rankings

TIGR Stock Data

1.35B
143.65M
19.36%
7.91%
3.47%
Capital Markets
Financial Services
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United States of America
Beijing