Welcome to our dedicated page for UP Fintech Holding American Depositary Share representing fifteen news (Ticker: TIGR), a resource for investors and traders seeking the latest updates and insights on UP Fintech Holding American Depositary Share representing fifteen stock.
UP Fintech Holding Ltd, also known as Tiger Fintech in Asia and traded on Nasdaq under the ticker symbol TIGR, is a leading online brokerage firm that primarily serves global Chinese investors. The company offers a comprehensive trading platform that allows users to trade equities and other financial instruments across multiple exchanges worldwide. Their extensive suite of services includes trade order placement, margin financing, account management, investor education, community discussion, and customer support.
Founded in 2014, UP Fintech is committed to leveraging next-generation technologies to redefine global investing. In March 2019, the company went public on Nasdaq.
Recent financial results for Q1 2024 indicated robust growth. The company achieved revenue of USD 78.9 million, marking a 19% YoY increase. Non-GAAP net income surged by 42.4% YoY to USD 14.7 million. The total number of global accounts reached 2.25 million, with funded accounts growing to 933,400, a 15% YoY increase. The total trading volume for the quarter was USD 85.4 billion.
UP Fintech has made significant inroads in markets such as Singapore, Hong Kong, Australia, and New Zealand. In Singapore, they launched the first local debit card that rewards users with fractional shares, and the Cash Boost trading account, allowing clients to trade without pre-depositing funds. In Hong Kong, they introduced virtual asset trading services and received a Type 9 license for asset management services.
The company’s innovative features like Trading Sparks, multi-leg options trading, and TigerGPT AI chatbot have enhanced user engagement. In Q3 2023, their wealth management AUM grew by 68.7% QoQ, and they introduced new products to meet diverse investment needs.
UP Fintech’s investment banking and ESOP services are also thriving. The company has underwritten numerous IPOs and secured leading positions in both the Hong Kong and US markets. Their ESOP brand, UponeShare, added 27 new corporate clients in Q3 2023.
With over 10 million users and 2 million account holders globally, UP Fintech continues to expand its footprint, committed to delivering a superior user experience and innovative financial solutions.
Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported GAAP diluted EPS of $0.67 and adjusted EPS of $0.83 for Q4 2021. Total net revenues were $603 million, up from $599 million in Q4 2020. The company declared a quarterly dividend of $0.10 per share, payable on March 14, 2022. Customer accounts surged 56% year-over-year to 1.68 million, and customer equity rose 30% to $373.8 billion. However, net interest income increased 31% to $70 million, but other income fell $104 million mainly due to investments in Tiger Brokers.
UP Fintech Holding Limited (TIGR) reported its Q3 2021 financial results, showing a 59.6% revenue increase year-over-year, totaling US$60.8 million. Non-GAAP net income stood at US$5.3 million. The company achieved a significant rise in customer accounts, with a total of 1.77 million and 612,000 accounts making deposits, driven by international expansion, particularly seeing over 80% of new funded accounts from overseas. UP Fintech plans further growth in Hong Kong and Singapore, having acquired new licenses for expanded service offerings.
UP Fintech Holding Limited (NASDAQ: TIGR) announced its Q3 2021 results, showcasing a 59.6% increase in total revenues to US$60.8 million. Net income surged to US$20.5 million, up from US$5.8 million year-over-year. The company successfully added 82,900 funded accounts in Q3, exceeding its earlier guidance. Key expansions include the acquisition of Ocean Joy Securities and the establishment of a dual headquarters in Singapore, enhancing its international growth strategy. Total account balance increased 88.3% year-over-year to US$20.6 billion.
UP Fintech Holding Limited (NASDAQ: TIGR) announced its addition to the MSCI China Small Cap Index, effective at market close on Nov 30, 2021. This inclusion acknowledges the company's expanding user base and platform capabilities, particularly appealing to global investors. The MSCI China Small Cap Index consists of 254 constituents and represents about 14% of China's market capitalization. UP Fintech's internationalization strategy, particularly since its entry into Singapore in 2020, has significantly contributed to its growth, with over 60% of new accounts from international markets.
UP Fintech Holding Limited (NASDAQ: TIGR) announced it will release its third-quarter financial results for the period ending September 30, 2021, before U.S. markets open on November 30, 2021. The company will host an earnings conference call at 8:00 AM Eastern Time. Due to COVID-19, participants must preregister for the call, as operator-assisted calls are not available. The call will be accessible via a live and archived webcast on their investor relations website.
UP Fintech Holding Limited (Nasdaq: TIGR) announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd. (TBSPL), has received approval as a Trading Member of Singapore Exchange Securities Trading Limited (SGX-ST) and as a Clearing Member of The Central Depository (Pte) Limited (CDP). This approval aims to enhance user experience and strengthen TBSPL's market presence in Singapore. UP Fintech emphasizes its commitment to providing superior services and innovative trading solutions to global investors.
UP Fintech Holding Limited (Nasdaq: TIGR) has successfully completed the acquisition of Ocean Joy Securities Limited, a firm licensed by the Hong Kong Securities and Futures Commission for regulated activities. This acquisition enables UP Fintech to commence its brokerage operations in Hong Kong, enhancing its market presence. The company aims to leverage its advanced technology and mobile-first strategy to improve customer service and attract new clients while providing diverse financial instruments across multiple exchanges globally.
UP Fintech Holding Limited (Nasdaq: TIGR) announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd., has been approved as a CDP Depository Agent. This approval aims to enhance client services and improve the user experience in Singapore. The company is recognized for its mobile and online trading platform, offering a range of brokerage services including trade execution and investor education.
UP Fintech Holding Limited (Nasdaq: TIGR) has received approval from the Hong Kong Securities and Futures Commission to acquire Ocean Joy Securities Limited. This acquisition will enable UP Fintech to commence operations in Hong Kong's brokerage market. The firm is focused on providing comprehensive trading services and innovative solutions for global investors on its proprietary trading platform. The Company aims to enhance market presence and expand its customer base through this strategic move.
Interactive Brokers Group, Inc. (Nasdaq: IBKR) reported diluted earnings per share of $0.43 for Q3 2021, down from $0.58 in Q3 2020. Adjusted diluted EPS rose to $0.78 from $0.53. Net revenues totaled $464 million compared to $548 million in the prior year, while adjusted net revenues were $650 million, up from $518 million. The company declared a quarterly dividend of $0.10 per share. Customer accounts and equity increased by 57% and 52% respectively, with total DARTs rising 24%.
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