UP Fintech Holding Limited (TIGR) IPO Opens Modestly Higher

Today's IPO for UP Fintech Holding Limited (OTC: TIGR) opened for trading at $8.10 after pricing 13,000,000 American Depositary Shares (the "ADSs"), each representing 15 Class A ordinary shares of the Company, at US$8.00 per ADS.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,950,000 additional ADSs.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc., AMTD Global Markets Limited, China Merchants Securities (HK) Co., Limited and Top Capital Partners Limited are acting as the underwriters of this offering.

UP Fintech Holding Limited, known as “Tiger Brokers” in Asia, is a leading online brokerage firm focusing on global Chinese investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its "mobile first" strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

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