initial public offerings (IPOs) trading on American exchanges
Showing posts with label FUTU. Show all posts
Showing posts with label FUTU. Show all posts

Monday, November 16, 2020

IPOs this week : November 16 - 20, 20 (wk 47)

 IPOs expected to price

  • Aspire Real Estate Investors (ASPI)
  • NeoGames (NGMS), 
  • Telos (TLS), 
  • Sotera Health (SHC) and 
  • Maravai LifeSciences (MRVI
Maravi appears to be the largest of the bunch, with the biotech looking to raise $1.275B. There is also some speculation that e-retailer Wish and kids gaming company Roblox (RBLX) could file for an IPO next week to follow on DoorDash's (DASH) filing from Friday. 

IPO quiet period expirations
  • Guild Holdings (NYSE:GHLD), McAfee (NASDAQ:MCFE) and Datto (NYSE:MSP) on November 16. 
IPO lockup expirations
  • Chewy (NYSE:CHWY) and 89bio (NASDAQ:ETNB) on November 16, 
  • Avantor (NYSE:AVTR), Futu Holdings (NASDAQ:FUTU) and SelectQuote (NYSE:SLQT) on November 17.

Monday, November 9, 2020

IPOs this week : Nov 9 - 13, 20 (wk 46)

IPOs expected to price
  • Aspire Real Estate Investors (ASPI), NeoGames (NASDAQ:NGMS), Telos (NASDAQ:TLS), Sotera Health (NASDAQ:SHC) and Maravai LifeSciences (NASDAQ:MRVI) are all expected to price their IPOs next week. 
Maravi appears to be the largest of the bunch, with the biotech looking to raise $1.275B. 
There is also some speculation that e-retailer Wish and kids gaming company Roblox (RBLX) could file for an IPO this week to follow on DoorDash's (DASH) filing from Friday. 

IPO quiet period expirations
  • Guild Holdings (NYSE:GHLD), McAfee (NASDAQ:MCFE) and Datto (NYSE:MSP) on November 16.   

IPO lockup expirations
  • Chewy (NYSE:CHWY) and 89bio (NASDAQ:ETNB) on November 16, as well as 
  • Avantor (NYSE:AVTR), Futu Holdings (NASDAQ:FUTU) and SelectQuote (NYSE:SLQT) on November 17.

Thursday, October 17, 2019

Futu Holdings changed its ticker symbol to “FUTU” from “FHL”

HONG KONG, Oct. 18, 2019 (GLOBE NEWSWIRE) -- Futu Holdings, a leading tech-driven online brokerage platform in China, today announced that the Company's ticker symbol on the Nasdaq Global Select Market has changed to “FUTU” from “FHL”. Trading under the new ticker symbol began on Thursday, October 17, 2019.

No actions are needed from FUTU’s current shareholders relative to the ticker symbol change.

Mr. Leaf Hua Li, Futu’s Chairman and Chief Executive Officer, commented, “We are pleased that the ‘FUTU’ ticker finally became available given that it clearly more appropriately reflects our brand. Our company’s name has several meanings that reflect the Company’s philosophy. In Chinese, “Futu” means “the road to wealth;” in English, ‘F’ and ‘T’ represent Fortune and Treasure, while “Futu” is also the abbreviation of "For U, To U," which reflects our company’s values and mission of always putting our customers first.”

A few months ago, Futu reached a new milestone in its offerings on wealth management solutions by launching Money Plus, the Company’s online mutual fund distribution platform. Investors can now seamlessly integrate their mutual fund account with a brokerage account, managing stock trading and wealth management all at once on Futu’s platform. The goal of this integration is to cater to investors’ increasing needs for broader wealth management as they accumulate more wealth and become more financially sophisticated. Money Plus now offers a variety of money market, fixed income and equity funds to provide more rewarding and diverse investment services for all clients. With Money Plus, Futu continues to leverage on its advanced technology and cost-effective brokerage services to expand the business as a premium, one-stop asset allocation platform. 

About Futu Holdings Limited

Futu Holdings Limited (FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage platform. The Company primarily serves the emerging affluent Chinese population, pursuing a massive opportunity to facilitate a once-in-a-generation shift in the wealth management industry and build a digital gateway into broader financial services. The Company provides investing services through its proprietary digital platform, Futu NiuNiu, a highly integrated application accessible through any mobile device, tablet or desktop. The Company’s primary fee-generating services include trade execution and margin financing which allow its clients to trade securities, such as stocks, warrants, options and exchange-traded funds, or ETFs, across different markets. The Company enhances the user and client experience with market data and news, research, as well as powerful analytical tools, providing them with a data rich foundation to simplify the investing decision-making process. The Company has also embedded social media tools to create a network centered around its users and provide connectivity to users, investors, companies, analysts, media and key opinion leaders.

Monday, March 4, 2019

IPOs this week : March 4 - 8, 2019

Things are starting to get a little more interesting in the IPO market after a snail's pace for most of 2019. Lyft (LYFT) filed for its IPO, while Peloton (PTON) and Chinese coffee chain Luckin are both moving in that direction. Lyft is reportedly hoping to draw a valuation of between $20B and $25B.

IPOs expected to price
This week, IPO pricings are anticipated for

  • Shockwave Medical (SWAV) on March 6 and 
  • Futu (FHL) on March 7. 

IPO quiet period expirations
There are also quiet period expirations for

  • Alector (NASDAQ:ALEC) on March 4 and 
  • both Harpoon Therapeutics (NASDAQ:HARP) and Gossamer Bio (NASDAQ:GOSS) on March 5.