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.
StackHabit, an automated wealth creation platform and SEC Registered Investment Advisor, is now available to residents of all 50 US states as of October 5, 2021. Founded in March 2021 by Cullen Breen and Ben Buchanan, StackHabit aims to democratize high-quality investing through concentrated portfolios primarily in equities. The platform allows clients to set up investment or retirement accounts based on their risk profile with no fees for buying or selling stocks. StackHabit collaborates with Tradingfront (NASDAQ: TIGR) for automation and custodies assets with Interactive Brokers (NASDAQ: IBKR).
UP Fintech Holding Limited (Nasdaq: TIGR) reported US$60.2 million in revenues for Q2 2021, up from US$30.3 million in Q2 2020. The number of funded accounts reached 529,100, with over 60% from international markets. The total account balance surged 188.9% year-over-year to US$23.9 billion. The company also gained approval to be a member of Singapore Exchange and continued to grow its ESOP business, adding 51 new clients. CEO Wu Tianhua highlighted a strong outlook driven by technological advancements and client retention.
UP Fintech Holding Limited (NASDAQ: TIGR) announced its Q2 2021 financial results, revealing total revenues of US$60.2 million, a 98.7% year-over-year increase. Despite achieving substantial growth, the company reported a net loss of US$21.5 million, down from a net income of US$4.4 million in the same period last year. The total account balance surged to US$23.9 billion, marking an 188.9% increase compared to last year. UP Fintech added 153,100 funded accounts, a growth of 353.5% year-over-year, predominantly from international markets.
UP Fintech Holding Limited (NASDAQ: TIGR) will report its financial results for Q2 ended June 30, 2021, before U.S. market opens on September 10, 2021. An earnings call will follow at 8:00 AM ET. Due to COVID-19, participants must preregister online to receive dial-in numbers for the call. A telephone replay will be available until September 24, 2021. UP Fintech provides an innovative trading platform for global investors, emphasizing a mobile-first approach to enhance user experience and attract new customers.
UP Fintech Holding Limited (Nasdaq: TIGR) announced that its Singapore subsidiary, Tiger Brokers (Singapore) Pte. Ltd., received approval-in-principle to become a Clearing Member of The Central Depository (Pte) Limited and a trading member of the Singapore Exchange. The company aims to enhance user experience and services for clients in Singapore, strengthening its market presence. The announcement highlights UP Fintech's strategy to leverage advanced technology and a mobile-first approach to improve customer service and attract new clients.
UP Fintech Holding Limited (Nasdaq: TIGR) has successfully closed its public offering of 6,500,000 American Depositary Shares (ADSs), priced at US$24.50 per ADS, with underwriters exercising an option for 975,000 additional ADSs. The proceeds will be used for expanding the customer base, enhancing products and technology, and increasing international presence. The offering was completed under an automatic shelf registration with the SEC. Key underwriters include Citigroup Global Markets and Morgan Stanley.
UP Fintech Holding Limited (Nasdaq: TIGR) has announced a public offering of 6,500,000 American Depositary Shares (ADSs) at $24.50 each, with an option for underwriters to purchase an additional 975,000 ADSs. The offering is expected to close on June 11, 2021. Proceeds will be used to expand the customer base, enhance products, and increase international presence. This offering is registered with the SEC and details can be found on the SEC’s website.
UP Fintech Holding Limited (Nasdaq: TIGR) announced plans to offer 6,500,000 American Depositary Shares (ADSs), each representing 15 Class A ordinary shares. This underwritten public offering is subject to market conditions, with an underwriter option for an additional 975,000 ADSs. The proceeds will be used to expand the customer base, enhance products and services, and grow international presence. Citigroup, Morgan Stanley, and Tiger Brokers are the joint bookrunners for this offering.
UP Fintech Holding Limited (TIGR) reported robust Q1 FY 2021 earnings with total revenue soaring 255.5% year-over-year to $81.3 million. The company achieved record trading volume of $123.8 billion and added 296K new client accounts, increasing total clients with deposits by 180.4% to 376K. Client account balances reached a high of $21.4 billion. International expansion, particularly in Singapore, saw significant growth, with new funded accounts increasing over 300%. The firm also participated in numerous IPOs, underscoring its expanding market presence.
UP Fintech Holding Limited (TIGR) reported strong financial growth for Q1 2021, with total revenues soaring 255.5% to US$81.3 million, driven by rising user activity and commissions. The company achieved a net income of US$21.1 million, a stark contrast to the US$0.2 million loss from the previous year. Client assets surged to over US$21.4 billion, supported by an increase in funded accounts by 117,000. Total trading volume reached US$123.8 billion, nearly triple from the same period in 2020, indicating robust market adoption and expansion efforts.
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