Futu Announces Pricing of Offering of 9,500,000 American Depositary Shares
April 21 2021 - 6:41AM
Futu Holdings Limited (“Futu” or the “Company”) (Nasdaq: FUTU), a
leading one-stop financial technology platform in China, today
announced the pricing of the offering of 9,500,000 American
depositary shares (the “ADSs”), each representing eight Class A
ordinary shares of the Company (the “ADS Offering”), at a price
of US$130 per ADS. The Company will grant the underwriters in
the ADS Offering a 30-day option to purchase up to an additional
1,425,000 ADSs.
BofA Securities, Inc. and Haitong International Securities
Company Limited are acting as joint bookrunners for the ADS
Offering.
The ADSs are offered under the Company’s shelf registration
statement on Form F-3 (the “Form F-3”) which was filed with the
Securities and Exchange Commission (the “SEC”) and automatically
became effective on August 17, 2020. The ADS Offering is being made
only by means of a prospectus supplement and an accompanying
prospectus included in the Form F-3. The Form F-3 and the
prospectus supplement are available at the SEC website at:
http://www.sec.gov. Copies of the prospectus supplement and
the accompanying prospectus may be obtained from (1) BofA
Securities, Inc., Attention: Prospectus Department, NC1-004-03-43,
200 North College Street, 3rd floor, Charlotte, NC 28255-0001,
United States of America, or by telephone at +1 (800) 294-1322 or
by email at dg.prospectus_requests@bofa.com; and (2) Haitong
International Securities Company Limited, Attention: Equity Capital
Markets, 22/F Li Po Chun Chambers, 189 Des Voeux Road Central, Hong
Kong, by telephone at +852-2848-4373.
The Company plans to use the net proceeds from the ADS Offering
mainly for margin financing business, international expansion, new
license applications, potential investment and acquisition
opportunities, and other general corporate purposes.
This press release shall not constitute an offer to sell or a
solicitation of an offer to purchase any securities, nor shall
there be a sale of the securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful.
This press release contains information about the pending
offering of the ADSs, and there can be no assurance that the
offering will be completed.
About Futu Holdings Limited
Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology
company transforming the investing experience by offering a fully
digitized brokerage and wealth management platform. The Company
primarily serves the emerging affluent Chinese population, pursuing
a massive opportunity to facilitate a once-in-a-generation shift in
the wealth management industry and build a digital gateway into
broader financial services. The Company provides investing services
through its proprietary digital platform, Futubull, a highly
integrated application accessible through any mobile device, tablet
or desktop. The Company’s primary fee-generating services include
trade execution and margin financing which allow its clients to
trade securities, such as stocks, warrants, options, futures and
exchange-traded funds, or ETFs, across different markets. Futu
enhances the user and client experience with market data and news,
research, as well as powerful analytical tools, providing them with
a data rich foundation to simplify the investing decision-making
process. Futu has also embedded social media tools to create a
network centered around its users and provide connectivity to
users, investors, companies, analysts, media and key opinion
leaders.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the “safe harbor” provisions of the
United States Private Securities Litigation Reform Act of 1995.
These forward-looking statements can be identified by terminology
such as “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements. Such
statements are based upon management’s current expectations and
current market and operating conditions and relate to events that
involve known or unknown risks, uncertainties and other factors,
all of which are difficult to predict and many of which are beyond
Futu’s control. Futu may also make written or oral forward-looking
statements in its periodic reports to the SEC, in its annual report
to shareholders, in press releases and other written materials and
in oral statements made by its officers, directors or employees to
third parties. Statements that are not historical facts, including
statements about Futu’s beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties. A number of factors could cause
actual results to differ materially from those contained in any
forward-looking statement, including but not limited to the
following: Futu’s goal and strategies; Futu’s expansion plans;
Futu’s future business development, financial condition and results
of operations; Futu’s expectations regarding demand for, and market
acceptance of, its products and services; Futu’s expectations
regarding keeping and strengthening its relationships with
third-party partners it collaborates with; general economic and
business conditions; and assumptions underlying or related to any
of the foregoing. Further information regarding these and other
risks is included in Futu’s filings with the SEC. All information
provided in this press release is as of the date of this press
release, and Futu does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
For investor inquiries, please contact:
Investor RelationsFutu Holdings Limitedir@futuholdings.com
Futu (NASDAQ:FUTU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Futu (NASDAQ:FUTU)
Historical Stock Chart
From Apr 2023 to Apr 2024