UP Fintech Holding Limited, a leading online brokerage firm focusing on global investors, announced that it intends to offer and sell 15,000,000 American Depositary Shares (“ADSs”), representing its Class A shares, to bolster its capital base and support business growth initiatives, with an additional option for underwriters to purchase 2.25 million more shares. The offering, led by Deutsche Bank, China International Capital Corporation, and US Tiger Securities, will provide resources for UP Fintech’s continued development in online brokerage services. The move aligns with UP Fintech’s “mobile-first” strategy, allowing it to offer diversified financial services across multiple markets and expand its international user base.
UP Fintech Announces Proposed Follow-on Public Offering of American Depositary Shares