Welcome to our dedicated page for Up Fintech Hldg news (Ticker: TIGR), a resource for investors and traders seeking the latest updates and insights on Up Fintech Hldg stock.
UP Fintech Holding Ltd (Nasdaq: TIGR) maintains this dedicated news hub for investors and market participants tracking its global fintech operations. Our curated collection provides immediate access to official corporate communications and third-party analysis relevant to the company’s brokerage services, technological innovations, and market expansion strategies.
This resource centralizes material disclosures including quarterly earnings reports, regulatory filings, and strategic partnership announcements. Users will find updates spanning the company’s core operations in digital asset trading platforms, cross-border wealth management solutions, and enterprise-focused ESOP management services.
Key content categories include:
- Financial performance updates and SEC filings
- Product launches and platform enhancements
- Global regulatory developments and compliance updates
- Strategic alliances in fintech and financial services
- Executive leadership changes and governance matters
Bookmark this page for streamlined monitoring of UP Fintech’s evolving position in the online brokerage sector. For comprehensive analysis, combine these updates with the company’s SEC disclosures and investor relations materials.
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.
UP Fintech Holding Limited (NASDAQ: TIGR) announced the resignation of Mr. Chenglong Zhu as a director, effective February 4, 2021, due to personal reasons. The company clarified that this resignation was not due to any disagreements with its management. UP Fintech is an online brokerage firm focused on global investors, offering a mobile-first trading platform that facilitates trading in various financial instruments across multiple markets. The company's services include trade execution, margin financing, and investor education, aiming to enhance user experience and customer retention.
UP Fintech Holding Limited (NASDAQ: TIGR) announced the engagement of KPMG Huazhen LLP as its new independent registered public accounting firm, replacing Deloitte Touche Tohmatsu Certified Public Accountants LLP. This transition, approved by the Audit Committee, follows Deloitte's satisfactory service since 2018 without any adverse opinions on its audits. The Company is coordinating with both firms to ensure a smooth transition and has expressed gratitude to Deloitte for its professionalism and quality of service over the years.
UP Fintech Holding Limited (NASDAQ: TIGR) has announced it has surpassed one million customer accounts, a milestone reached faster than any competitor targeting global Chinese investors. Since launching its Tiger Trade app six years ago, the company has made significant investments in innovation, enabling clients to trade across multiple global markets including the U.S., China, and Europe. CEO Wu Tianhua highlighted ongoing efforts to expand services like investment banking and ESOP management, aiming to enhance client offerings and capture high-net-worth individuals.
UP Fintech Holding Limited (NASDAQ: TIGR) reported strong Q3 2020 results with total revenues of US$38.0 million, up 148.2% year-over-year. The company added 46,800 funded accounts, a 7X increase from the previous year, reaching 214,700 accounts overall. Total account balance surged 188.1% to US$10.9 billion. Operating income improved to US$7.4 million from a loss of US$2.5 million in Q3 2019. Net income attributed to UP Fintech was US$3.8 million, compared to a loss of US$1.3 million last year. The firm continues to expand its brokerage and investment banking services internationally.
UP Fintech Holding Limited (NASDAQ: TIGR) will announce its financial results for Q3 2020 on November 25, 2020, before U.S. market opening. An earnings conference call will be held at 8:00 AM ET on the same day. Due to COVID-19, preregistration is required for participation. The call's details, including dial-in and passcode, will be provided post-registration. A telephone replay will be available until December 9, 2020. UP Fintech focuses on providing online brokerage services to global investors, offering various financial solutions via its proprietary platform.
UP Fintech Holding Limited (NASDAQ: TIGR) reported a strong second quarter for 2020, with total revenues reaching US$30.1 million, a growth of 121.8% year-over-year. The company achieved an operating income of US$5.1 million, compared to an operating loss of US$2.6 million in the same quarter last year. Notable increases included total account balances rising 132.9% to US$8.3 billion and a significant uptick in the number of clients with deposits, growing 76.7% year-over-year. The company also initiated a share repurchase program, buying back 695,287 ADS for about US$2.2 million.
UP Fintech Holding Limited (NASDAQ: TIGR) announced it will report its Q2 2020 financial results before the U.S. market opens on August 18, 2020. The earnings conference call will be held at 8:00 AM ET, allowing investors to gain insights into the company’s performance and future outlook. Due to COVID-19, participants must preregister online to join the call. A replay will be available until August 25, 2020. UP Fintech continues to cater to global Chinese investors through its innovative trading platform and comprehensive services.
