UP Fintech Holding Ltd American Depositary Share representing fifteen - TIGR STOCK NEWS

UP Fintech Holding (NASDAQ: TIGR) reported strong Q3 2024 financial results with total revenue reaching a historic high of US$101.1 million, up 44.1% year-over-year. Net income attributable to shareholders was US$17.8 million, increasing 34.0% year-over-year. The company added 50,500 new customers with deposits in Q3, bringing total customers with deposits to 1,032,800. Total account balance grew 115.9% year-over-year to US$40.8 billion. The company expanded its product offerings by launching Hong Kong stock options trading and short selling, while also introducing the Tiger Boss debit card. Corporate business remained strong with 13 U.S. and Hong Kong IPOs underwritten during the quarter.

UP Fintech Holding (Nasdaq: TIGR) announced that underwriters have fully exercised their over-allotment option to purchase an additional 2,250,000 American Depositary Shares (ADSs) at $6.25 per ADS. Each ADS represents 15 Class A ordinary shares. Deutsche Bank AG, China International Capital , and US Tiger Securities acted as joint bookrunners. The offering was made through an automatic shelf registration on Form F-3 filed with the SEC.

UP Fintech Holding (NASDAQ: TIGR) has announced it will release its third quarter 2024 financial results on November 12, 2024, before the U.S. market opens. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time (9:00 PM Singapore/Hong Kong Time) on the same day. Participants must preregister online to receive dial-in numbers for the conference call. A live and archived webcast will be available on the company's investor relations website.

UP Fintech Holding (Nasdaq: TIGR) has announced the closing of its public offering of 15,000,000 American Depositary Shares (ADSs) at US$6.25 per ADS, with each ADS representing 15 Class A ordinary shares. The underwriters have a 20-day option to purchase up to 2,250,000 additional ADSs. The company plans to use the proceeds to strengthen its capital base and support business development initiatives. Deutsche Bank AG, China International Capital , and US Tiger Securities acted as joint bookrunners for the offering.

UP Fintech Holding (TIGR) has announced the pricing of a public offering of 15,000,000 American Depositary Shares (ADSs) at $6.25 per ADS, with each ADS representing 15 Class A ordinary shares. Underwriters have a 20-day option to purchase up to 2,250,000 additional ADSs. The offering, expected to close on October 24, 2024, will generate approximately $90.0 million in net proceeds. The company plans to use the funds for strengthening its capital base and business development initiatives. Deutsche Bank AG, China International Capital , and US Tiger Securities are acting as joint bookrunners.

UP Fintech Holding (Nasdaq: TIGR), a leading online brokerage firm for global investors, has announced a proposed follow-on public offering of 15,000,000 American Depositary Shares (ADSs). Each ADS represents 15 Class A ordinary shares of the Company. The underwriters have an option to purchase up to 2,250,000 additional ADSs within 20 days from the prospectus supplement date.

The Company plans to use the net proceeds to strengthen its capital base and further business development initiatives. Deutsche Bank AG, China International Capital Hong Kong Securities , and US Tiger Securities, Inc. will act as joint bookrunners for the offering.

The offering will be made under an automatic shelf registration statement on Form F-3 filed with the SEC. A preliminary prospectus supplement and accompanying prospectus have been filed, with the final prospectus supplement to be filed later.

Yang Xu, Global Partner at Tiger Brokers, shared insights on Bitcoin ETFs at InnoBlock 2024. He highlighted how these ETFs provide safer access to cryptocurrencies and address custodian concerns. Xu noted increased institutional demand for Bitcoin ETFs, potentially contributing to market stability.

Tiger Brokers offers 24-hour Bitcoin ETF trading globally and provides direct digital asset trading access to Hong Kong users. The company upgraded its Type 1 licence in January to include virtual asset dealing services. In June, retail investors in Hong Kong gained access to trade virtual assets like BTC, ETH, AVAX, and LINK.

Tiger Brokers' institutional wealth platform, TradingFront, offers advanced order types for Bitcoin ETF investing, including TWAP and VWAP orders. Xu emphasized the need for stronger regulatory frameworks and investor protections to increase accessibility and legitimize the digital asset space.

UP Fintech Holding (NASDAQ: TIGR) reported record-high quarterly revenue of US$87.4 million for Q2 2024, up 10.8% QoQ and 32.4% YoY. The company added 60,600 new global accounts, bringing the total to 2.3 million. Funded accounts increased to 982,300, up 17% YoY. Total trading volume grew 62.5% YoY to US$105.9 billion. Total client assets reached an all-time high of US$38.2 billion, up 16.2% QoQ and 121.1% YoY. UP Fintech expanded its services in Singapore, Hong Kong, Australia, and New Zealand, launching new products like the BOSS Debit Card and Cash Boost trading account. The company also introduced virtual asset trading for retail investors in Hong Kong and upgraded its options trading features globally.

UP Fintech Holding (NASDAQ: TIGR) reported strong Q2 2024 financial results, with total revenues increasing 32.4% year-over-year to US$87.4 million. The company saw significant growth in key metrics:

- Trading volume up 62.5% YoY to US$105.9 billion
- Total account balance up 121.1% YoY to US$38.2 billion
- Funded accounts increased 16.8% YoY to 982,300

However, net income decreased to US$2.6 million from US$13.2 million in Q2 2023, primarily due to a US$13.2 million loss provision for a suspended Hong Kong stock pledge business. The company continued to expand its product offerings and corporate services, including underwriting 12 U.S. and Hong Kong IPOs in Q2.