New York, Nov. 17, 2021 /PRNewswire/ -- UP Fintech Holding
Limited ("UP Fintech" or the "Company") (NASDAQ: TIGR), a leading
online brokerage firm focusing on global investors, today announced
that the Company's stock will be added to the MSCI China Small Cap
Index, effective as of market close on Nov
30, 2021.
To be added to the MSCI China Small Cap Index is a recognition
of the company's growing profile and expanding user base that spans
multiple international markets. Growth was driven by enhanced
platform capabilities and rising demand for convenient access to
global brokerage services.
According to MSCI, the MSCI China Small Cap Index is designed to
measure the performance of the small cap segment of the Chinese
equity market. With 254 constituents, the index represents
approximately 14% of the free float-adjusted market capitalization
of the China equity universe.
Founded in 2014, the Company enables global investors to trade
equities in The U.S., U.K., Hong
Kong, Singapore, and
Australia as well as futures,
options, and funds. Since entering the Singapore market in 2020, the company has
leveraged its internationalization strategy to rapidly scale its
client base and strengthen its global reputation. In the second
quarter of this year, over 60% of the Company's newly funded
accounts were derived from international markets. Going forward, UP
Fintech will continue to invest in enhancing its platform
capabilities and further expanding its global presence.
Safe Harbor Statement
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
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. Among other
statements, the business outlook and quotations from management in
this announcement, as well as the Company's strategic and
operational plans, contain forward-looking statements. The Company
may also make written or oral forward-looking statements in its
periodic reports to the U.S. Securities and Exchange Commission
("SEC") on Forms 20-F and 6-K, 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 the Company'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: the Company's growth strategies; trends and competition
in global financial markets; the effects of the global COVID-19
pandemic; and governmental policies relating to the Company's
industry and general economic conditions in China and other countries. Further information
regarding these and other risks is included in the Company's
filings with the SEC. All information provided in this press
release and in the attachments is as of the date of this press
release, and the Company undertakes no obligation to update any
forward-looking statement, except as required under applicable
law.
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SOURCE UP Fintech Holding Limited