Futu Holdings Ltd

Futu Holdings Ltd (FHL) priced its initial public offering on Mar 8, 2019 at $12.00 per share, raising $90M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $10.66B. Goldman Sachs was lead-left underwriter, joined by UBS, Credit Suisse and HSBC. Skadden, Arps, Maples and Calder, Clifford Chance and CM Law Firm advised the company and Latham & Watkins and Han Kun advised the underwriters.

Futu Holdings Ltd operates a digital brokerage platform that serves mainly the emerging affluent Chinese population. It offers online trading and related financial services, and ranks among Hong Kong online retail brokers by online brokerage revenue.

Status

IPO

Ticker

FHL

Exchange

Nasdaq Global Market

Priced

Mar 8, 2019

IPO price

$12.00

Raised

$90M

Market cap at IPO price

$10.66B

First filed

Dec 28, 2018

Underwriters

Goldman Sachs, UBS, Credit Suisse and HSBC

Company counsel

Skadden, Arps, Maples and Calder, Clifford Chance and CM Law Firm

Underwriters' counsel

Latham & Watkins and Han Kun

Sector

Financials

Country / state

China

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.