Futu Holdings (FUTU) Announces Proposed Offering of 9.5M American Depositary Shares

Go back to Futu Holdings (FUTU) Announces Proposed Offering of 9.5M American Depositary Shares

Futu Announces Proposed Offering of 9,500,000 American Depositary Shares

April 19, 2021 4:45 PM EDT

HONG KONG, April 20, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU), a leading one-stop financial technology platform in China, today announced the commencement of the offering of 9,500,000 American depositary shares (the ADSs), each representing eight Class A ordinary shares of the Company (the ADS Offering). The Company intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 1,425,000 ADSs.

BofA Securities, Inc. and Haitong International Securities Company Limited are acting as joint bookrunners for the ADS Offering.

The ADSs will be offered... More