Futu investor seeks to raise about $206M – report
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2 months ago
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- A shareholder of the Hong Kong-based securities brokerage Futu Holdings (NASDAQ:FUTU) is seeking to raise as much as $206M, Bloomberg News reported, citing terms of the deal.
- The investor plans to offer 2.6M American depositary shares for the capital raise, according to terms seen by Bloomberg.
- FUTU shares were trading +6.86% Thursday pre-market at $80.70.
- The news comes after China’s economic stimulus fueled a global market rally on Sept. 24, but is said to have lost steam a day after.