Hong Kong-Based Online Brokerage Futu Holdings To Raise $120M In Downsized US IPO

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Futu Holdings Limited, a Hong Kong-based online brokerage backed by Tencent, is seeking to raise US$120 million in an initial public offering (IPO) in the U.S., largely shrunk from the US$300 million it initially targeted last December, according to an amended document filed with the SEC on early Wednesday.

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