UP Fintech Holding Limited (TIGR) Announces Proposed Offering of 6.5M ADS
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UP Fintech Announces Proposed Follow-on Public Offering of American Depositary Shares
June 7, 2021 4:12 PM EDTBEIJING, June 07, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (UP Fintech or the Company), a leading online brokerage firm focusing on global investors, today announced that it intends to offer and sell 6,500,000 American Depositary Shares (ADSs), each representing 15 Class A ordinary shares of the Company, subject to market and other conditions, in an underwritten public offering. The underwriters will have a 30-day option to purchase up to an aggregate of 975,000 additional ADSs from the Company.
The Company expects to use the net proceeds from the proposed ADS offering to (i) expand its... More
