Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO

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Hong Kong-based online broker Futu saw its shares jumped as much as 46% on its first day of trading on March 9, 2019, after raising US$90 million in a New York initial public offering (IPO).

Chinese online broker Futu Holdings Limited is well-positioned to enter the American market and compete against industry leaders like Robinhood in the face of global economic uncertainties.

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