Xiaomi-Backed Tiger Brokers Raises $104M In US IPO Eyeing Chinese Young Investors

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Up Fintech Holding Limited, the parent company of Chinese online brokerage Tiger Brokers, has raised US$104 million in a downsized initial public offering (IPO) on the Nasdaq stock exchange on Wednesday, following its homegrown counterpart Futu Holdings Limited who raised US$90 million in a New York IPO earlier this month.

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