UP Fintech Holding Limited (TIGR) Prices 6.5M ADS Follow-On Offering at $24.50/ADS
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UP Fintech Announces Pricing of Follow-on Public Offering of American Depositary Shares
June 9, 2021 4:00 AM EDTBEIJING, June 09, 2021 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (UP Fintech or the Company), a leading online brokerage firm focusing on global investors, today announced the pricing of a public offering of 6,500,000 American Depositary Shares (ADSs), each representing 15 Class A ordinary shares of the Company, at a public offering price of US$24.50 per ADS. The underwriters will have a 30-day option to purchase up to an aggregate of 975,000 additional ADSs from the Company.
The ADS offering is expected to close on June 11, 2021, subject to customary closing conditions.
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