Chinese online brokerage Futu Holdings files for a $300 million US IPO

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Futu Holdings, the largest China-based online broker age, filed on Friday with the SEC to raise up to $300 million in an initial public offering.

The Hong Kong-based company was founded in 2011 and booked $92 million in revenue for the 12 months ended September 30, 2018. It plans to list on the Nasdaq under the symbol FHL. Futu Holdings filed confidentially on October 19, 2018.Goldman Sachs (Asia), UBS Investment Bank and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Chinese online brokerage Futu Holdings files for a $300 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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