The IPO price of Fortune is $130, which is about 4.58% off the closing price of the previous trading day, and the size of the issue accounts for about 6.5% of the total share capital.
Forto announced that it would price 9500000 American depositary shares (each of which represents eight Class A common shares of the company) at $130per American depositary share, which was priced at a discount (approximately 4.58 per cent) based on the company's closing price of $136.24 on the Nasdaq global market on April 20, 2021.
Forto announced that it would price 9500000 American depositary shares (each of which represents eight Class A common shares of the company) at $130per American depositary share, which was priced at a discount (approximately 4.58 per cent) based on the company's closing price of $136.24 on the Nasdaq global market on April 20, 2021.
Forto announced that it would price 9500000 American depositary shares (each of which represents eight Class A common shares of the company) at $130per American depositary share, which was priced at a discount (approximately 4.58 per cent) based on the company's closing price of $136.24 on the Nasdaq global market on April 20, 2021.
The company will grant the underwriters of the American depositary share issue a 30-day option to purchase up to 1425000 additional American depositary shares ("over-allotment option", or green shoes). Without considering the exercise of the over-allotment option by the underwriter, the size of this issue will account for about 6.5% of the total share capital of the company after the issue; if the underwriter fully exercises the over-allotment option, the size of this issue will account for about 7.4% of the total share capital of the company after the issue.$Futu Holdings Ltd (FUTU.US)$The company's net proceeds from this offering are about $1.2152 billion to $1.3975 billion. The company plans to use the net proceeds of this offering mainly for the company's financing business, international market development, license layout, potential investment and acquisition opportunities and general corporate purposes.
The company will grant the underwriters of the American depositary share issue a 30-day option to purchase up to 1425000 additional American depositary shares ("over-allotment option", or green shoes). Without considering the exercise of the over-allotment option by the underwriter, the size of this issue will account for about 6.5% of the total share capital of the company after the issue; if the underwriter fully exercises the over-allotment option, the size of this issue will account for about 7.4% of the total share capital of the company after the issue.$Futu Holdings Ltd (FUTU.US)$The company's net proceeds from this offering are about $1.2152 billion to $1.3975 billion. The company plans to use the net proceeds of this offering mainly for the company's financing business, international market development, license layout, potential investment and acquisition opportunities and general corporate purposes.
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