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SPi World News 03:50:03 GMT Wednesday 20th March 2019

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Latest News

UP Fintech Holding Limited Announces Pricing of Initial Public Offering

UP Fintech Holding Limited via Globe Newswire 03:30 GMT Wednesday 20th March 2019

BEIJING, March 20, 2019 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (the “Company”) (NASDAQ: TIGR), a leading online brokerage firm focusing on global Chinese investors, and known in Asia as “Tiger Brokers”, today announced the pricing of its initial public offering of 13,000,000 American Depositary Shares (the "ADSs"), each representing 15 Class A ordinary shares of the Company, at US$8.00 per ADS. The ADSs will begin trading on March 20, 2019 on the Nasdaq Global Select Market under the symbol "TIGR."The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,950,000 additional ADSs. The total gross proceeds of the offering are expected to be approximately US$104.00 million if the underwriters do not exercise their over-allotment option, and approximately US$119.6 million if the underwriters choose to exercise their over-allotment option in full.Citigroup Global Markets Inc., Deutsc...

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