In this briefing:
1. Futu Holdings IPO Quick Note – Comparison with Tiger Brokers – Same Market, Different Economics
Futu Holdings Ltd (FHL US) plans to raise up to US$130m in its US listing.
In my earlier insights, I looked at the company’s background, past financial performance and scored the deal on our IPO framework.:
- Futu Holdings Pre-IPO – Great Metrics but in a Commoditised Industry,
- Futu Holdings Pre-IPO – FY18 Updates And Quick Thoughts on Valuation, and
- Futu Holdings IPO – Given the Team, Execution, and Backers, Might Be Worth a Look at the Low-End
In this insight, I do a quick comparison of Futu versus Up Fintech (TIGR US) (aka Tiger Brokers) who is regarded as Futu’s main competitor in the space.
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