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

UP Fintech Holding Limited (NASDAQ: TIGR) announces its inclusion in the MSCI China All Shares Index, effective May 27, 2021. This recognition highlights the company's growth and commitment to technology-driven investment solutions for global clients. Founded in 2014, UP Fintech has successfully attracted over one million accounts, enabling trading in multiple markets, including the U.S., U.K., Hong Kong, Singapore, and Australia. CEO Wu Tianhua emphasized the firm's mission to enhance client asset allocation across markets through an efficient trading platform.

OTC Markets Group (OTCQX: OTCM) has partnered with Tiger Brokers, a prominent Asian stock brokerage, to provide clients with access to OTC Markets' Real-Time Level 2+ Quotes. This collaboration will enhance trading and investment decisions for Tiger Brokers' customers by offering real-time insights on OTCQX, OTCQB, and Pink market securities. OTC Markets aims to improve market data accessibility, which is crucial for investors in the OTC space. This strategic alliance reflects both companies' commitment to leveraging technology for better market participation.

UP Fintech Holding Limited (NASDAQ: TIGR) announced a successful private placement of convertible notes totaling US$90 million with leading institutional investors. The notes will mature in 2026 unless converted beforehand, subject to standard closing conditions. UP Fintech focuses on providing a mobile and online trading platform for global investors, offering a range of services including trade execution and margin financing. This strategic move is expected to bolster their market position and enhance service offerings.

UP Fintech Holding Limited (TIGR) reported a 136.5% revenue increase in Q4 2020, totaling US$47.2 million, compared to US$20.0 million in Q4 2019. The company achieved a net income of US$10.3 million for the quarter, a significant rise from US$0.3 million last year. For the full year, revenues reached US$138.5 million, with US$22.3 million in net income, recovering from a loss in 2019. Total account balances surged to US$16.0 billion, driven by a 215.9% year-over-year increase. The firm plans to expand internationally, enhancing its trading platform and product offerings.

UP Fintech Holding Limited (NASDAQ: TIGR) reported strong financial results for Q4 and the full year of 2020. Total revenues reached US$47.2 million, up 136.5% YoY, driven by commissions and interest income. Non-GAAP net income for Q4 was US$10.3 million, marking a significant improvement from last year. The total account balance soared 215.9% to US$16.0 billion. For the fiscal year, total revenues were US$138.5 million, an increase of 136.1% YoY, with net income rising to US$16.1 million from a loss of US$6.6 million in 2019.

UP Fintech Holding Limited (NASDAQ: TIGR) will report its fourth quarter financial results for the period ending December 31, 2020, before the U.S. market opens on March 26, 2021. The management will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day. Due to COVID-19, the conference call will require preregistration, and the details, including the conference ID, will be provided upon completion. An archived webcast will be available post-call, along with a telephone replay until April 2, 2021.

UP Fintech Holding Limited (TIGR) announced its subsidiary, Tiger Brokers Singapore, achieved over 100% growth in client accounts for the third consecutive quarter ending December 31, 2020. Active traders increased at a monthly growth rate of 45%, significantly outpacing Singapore's industry growth of 20%. The company launched its trading platform in Singapore in February 2020, aiming to offer low commissions and a comprehensive trading experience. Tiger Brokers Singapore now provides access to various global securities and investment products, enhancing its presence in international markets.

UP Fintech Holding Limited (TIGR) served as the lead underwriter for Kuke Music's U.S. IPO, highlighting its capabilities in assisting Chinese companies with capital raising internationally. This milestone underscores UP Fintech's role as a top underwriter for Chinese ADR issuers, leading in deal count in 2019 and 2020. The firm has a network of over 500 institutions across the U.S., Canada, and Asia-Pacific, enhancing its market reach. UP Fintech has also participated in other notable IPOs, indicating strong market insights and a diverse portfolio in investment banking.

UP Fintech Holding Limited (NASDAQ: TIGR) announced a private placement of convertible notes totaling US$65 million, led by an affiliate of Xiaomi Corporation. The convertible notes, which are set to mature in 2026, are subject to customary closing conditions. UP Fintech is a prominent online brokerage catering to global investors, offering innovative trading solutions and services.