UP Fintech Holding Ltd

UP Fintech Holding Ltd (TIGR) priced its initial public offering on Mar 20, 2019 at $8.00 per ADS, and listed on Nasdaq Global Select. At the IPO price its market capitalization was about $1.06B. Citigroup was lead-left underwriter, joined by Deutsche Bank, AMTD and China Merchants and others. O'Melveny & Myers, Conyers Dill & Pearman, Allen & Gledhill, Dorsey & Whitney and Scarinci & Hollenbeck advised the company and Davis Polk and Fangda Partners advised the underwriters.

UP Fintech Holding Ltd operates an online brokerage focused on global Chinese investors, offering trading in equities and other financial instruments on multiple exchanges through its Tiger Trade app and website. Services include margin financing, account management, investor education and customer support.

Status

IPO

Ticker

TIGR

Exchange

Nasdaq Global Select

Priced

Mar 20, 2019

IPO price

$8.00 per ADS

Market cap at IPO price

$1.06B

First filed

Feb 22, 2019

Underwriters

Citigroup, Deutsche Bank, AMTD, China Merchants and US Tiger

Company counsel

O'Melveny & Myers, Conyers Dill & Pearman, Allen & Gledhill, Dorsey & Whitney and Scarinci & Hollenbeck

Underwriters' counsel

Davis Polk and Fangda Partners

Sector

Financials

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