This company may be first big Chinese IPO of 2019: 5 things to know
By CIARA LINNANE CORPORATE NEWS EDITOR
Futu Holdings Ltd., a Hong Kong–based online brokerage that is backed by Chinese internet giant Tencent Holdings Ltd., is expected to be one of the first big Asian initial public offerings of 2019.
The company filed for an IPO in late December with the stated aim of raising up to $300 million and listing on the Nasdaq exchange under the ticker symbol “FHL.”
Goldman Sachs, UBS and Credit Suisse are underwriters on the deal. Proceeds will be used for general corporate purposes, including research and development, to fund working capital and to cover increased regulatory capital requirements in Hong Kong and other jurisdictions, according to the preliminary prospectus.
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https://www.marketwatch.com/story/online...2019-01-04
By CIARA LINNANE CORPORATE NEWS EDITOR
Futu Holdings Ltd., a Hong Kong–based online brokerage that is backed by Chinese internet giant Tencent Holdings Ltd., is expected to be one of the first big Asian initial public offerings of 2019.
The company filed for an IPO in late December with the stated aim of raising up to $300 million and listing on the Nasdaq exchange under the ticker symbol “FHL.”
Goldman Sachs, UBS and Credit Suisse are underwriters on the deal. Proceeds will be used for general corporate purposes, including research and development, to fund working capital and to cover increased regulatory capital requirements in Hong Kong and other jurisdictions, according to the preliminary prospectus.
...
https://www.marketwatch.com/story/online...2019-01-04