UP Fintech Announces Full Exercise of Over-Allotment Option in Follow-on Public Offering of American Depositary Shares
October 29 2024 - 6:00AM
UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the
“Company”), a leading online brokerage firm focusing on global
investors, today announced that the underwriters of the Company’s
follow-on public offering have fully exercised their option to
purchase an aggregate of 2,250,000 additional American Depositary
Shares (“ADSs”), each representing 15 Class A ordinary shares of
the Company, from the Company at the public offering price of
US$6.25 per ADS.
Deutsche Bank AG, Hong Kong Branch,
China International Capital Corporation Hong Kong Securities
Limited and US Tiger Securities, Inc. acted
as the joint bookrunners for the ADS offering.
The ADS offering has been made
pursuant to an automatic shelf registration statement on Form F-3
filed with the United States Securities and Exchange Commission
(the “SEC”) and is available on the SEC’s website at
http://www.sec.gov. The ADS offering has been 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 on the SEC’s website at http://www.sec.gov. The
final prospectus supplement has been filed with the SEC and is
available on the SEC’s website at: http://www.sec.gov. Copies of
the final prospectus supplement and the accompanying prospectus may
be obtained by contacting Deutsche Bank AG, Hong Kong Branch, Level
60, International Commerce Centre, 1 Austin Road West, Kowloon,
Hong Kong; China International Capital Corporation Hong Kong
Securities Limited 29/F, One International Finance Centre, 1
Harbour View Street, Central, Hong Kong; or, US Tiger Securities,
Inc., 437 Madison Avenue, 27th Floor, New York, NY 10022, United
States of America.
This announcement shall not constitute
an offer to sell, or a solicitation of an offer to buy, the
securities described herein, nor shall there be any offer,
solicitation or sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About UP Fintech Holding
Limited
UP Fintech Holding Limited is a
leading online brokerage firm focusing on global investors. The
Company’s proprietary mobile and online trading platform enables
investors to trade in equities and other financial instruments on
multiple exchanges around the world. The Company offers innovative
products and services as well as a superior user experience to
customers through its “mobile first” strategy, which enables it to
better serve and retain current customers as well as attract new
ones. The Company offers customers comprehensive brokerage and
value-added services, including trade order placement and
execution, margin financing, IPO subscription, ESOP management,
investor education, community discussion and customer support. The
Company’s proprietary infrastructure and advanced technology are
able to support trades across multiple currencies, multiple
markets, multiple products, multiple execution venues and multiple
clearinghouses.
For more information on the Company,
please visit: https://ir.itigerup.com.
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 “may,” “might,” “aim,” “likely
to,” “will,” “expects,” “anticipates,” “future,” “intends,”
“plans,” “believes,” “estimates” and similar statements or
expressions. Among other statements, the business outlook and
quotations from management in this announcement, the Company’s
strategic and operational plans and expectations regarding growth
and expansion of its business lines, and the Company’s plans for
future financing of its business 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, including the earnings
conference call. 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 ability to effectively implement its
growth strategies; trends and competition in global financial
markets; changes in the Company’s revenues and certain cost or
expense accounting policies; and governmental policies and
regulations affecting the Company’s industry and general economic
conditions in China, Singapore and other countries. Further
information regarding these and other risks is included in the
Company’s filings with the SEC, including the Company’s annual
report on Form 20-F filed with the SEC on April 22, 2024. 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. Further information regarding these
and other risks is included in the Company’s filings with the
SEC.
For investor and media
inquiries please contact:
Investor Relations
ContactUP Fintech Holding LimitedEmail: ir@itiger.com
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