HK online brokerage Futu raised US$1.24b to cash in on margin lending boom — sources

HK online brokerage Futu raised US$1.24b to cash in on margin lending boom — sources

The Edge Markets - World·2021-04-22 05:09

HONG KONG (April 21): Hong Kong-based online brokerage Futu Holdings Ltd has raised $1.24 billion by selling new shares at $130 a piece to help expand its margin financing business, two people with direct knowledge of the matter told Reuters.

The price was set on Wednesday in Hong Kong, the people said, after the stock collapsed 23.4% in New York Tuesday trade as investors digested the deal.

……

Read full article on The Edge Markets - World

Business Hong Kong

Comments

Leave a comment in Nestia App