UP Fintech announces offering of 15M American Depositary Shares

UP Fintech (TIGR) Holding announced that it intends to offer and sell 15M American Depositary Shares, each representing 15 Class A ordinary shares of the company, subject to market and other conditions, in an underwritten public offering. The company expects to use the net proceeds from the proposed ADS offering for strengthening the company’s capital base and furthering the company’s business development initiatives. Deutsche Bank AG, Hong Kong Branch, China International Capital Corporation Hong Kong Securities Limited and US Tiger Securities will act as the joint bookrunners for the proposed ADS offering.