Futu

KANZHUN LIMITED Announces Pricing of Initial Public Offering

Financial markets, Finance, Companies, ADSS, Futu, Haitong International, American depositary receipt, Haitong Securities, Initial public offering, Security, NASDAQ
Friday, June 11, 2021 - 2:00pm

BEIJING, June 11, 2021 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (BOSS Zhipin or the Company) (Nasdaq: BZ), a leading online recruitment platform in China, today announced the pricing of its initial public offering of 48,000,000 American Depositary Shares ("ADSs"), at US$19.00 per ADS, for a total offering size of US$912.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs.

Key Points: 
  • BEIJING, June 11, 2021 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (BOSS Zhipin or the Company) (Nasdaq: BZ), a leading online recruitment platform in China, today announced the pricing of its initial public offering of 48,000,000 American Depositary Shares ("ADSs"), at US$19.00 per ADS, for a total offering size of US$912.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs.
  • The offering is expected to close on June 15, 2021, subject to customary closing conditions.
  • China Renaissance Securities (Hong Kong) Limited and Haitong International Securities Company Limited are acting as the joint book-running managers for the offering.
  • Futu Inc. and Tiger Brokers (NZ) Limited are acting as the co-managers for the offering.

Elektros, Inc., f/k/a China Xuefeng Environmental Engineering, Inc., is pleased to announce Name/Ticker change

Financial Industry Regulatory Authority, United States securities law, Futu, Hemp, Financial markets, Companies, Human activities
Thursday, June 10, 2021 - 4:46pm

SUNNY ISLES BEACH, Fla., June 10, 2021 /PRNewswire/ -- Elektros, Inc., f/k/a China Xuefeng Environmental Engineering, Inc., is pleased to announce that the Financial Industry Regulatory Authority, Inc. ("FINRA") approved the Company's name change to "Elektros, Inc." and "ELEK" as its new ticker symbol.

Key Points: 
  • SUNNY ISLES BEACH, Fla., June 10, 2021 /PRNewswire/ -- Elektros, Inc., f/k/a China Xuefeng Environmental Engineering, Inc., is pleased to announce that the Financial Industry Regulatory Authority, Inc. ("FINRA") approved the Company's name change to "Elektros, Inc." and "ELEK" as its new ticker symbol.
  • Elektros Inc is an American Electric Vehicle company that innovates mobility solutions for consumers and businesses.
  • The automotive landscape faces existential disruption over the next decade to reach carbon neutrality.
  • Hemp Naturals undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Futu sustains leading position by obtaining "BBB" credit rating from S&P, becoming first online brokerage in APAC with international rating

Futu, NASDAQ, Financial markets, Companies, Finance
Thursday, June 3, 2021 - 10:51am

S&P expects that Futu will maintain its competitive position in the online brokerage industry and sustain its strong capitalization and adequate risk controls, along with business growth.

Key Points: 
  • S&P expects that Futu will maintain its competitive position in the online brokerage industry and sustain its strong capitalization and adequate risk controls, along with business growth.
  • Futu has thus become the first online brokerage in APAC to earn an international rating and the first Hong-Kong-based broker to obtain a standalone investment grade issuer rating.
  • Since officially launching its business in Singapore on March 8, 2021, Futu has quickly become a highly recognized tech-driven online brokerage platform for local investors.
  • Futu Holdings Limited ("Futu") (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform.

Futu Announces Investment Grade Rating from S&P Global Ratings

Futu, Companies, Financial markets, Credit rating agencies, S&P Global Ratings, Finance, Leaf Hua Li
Thursday, June 3, 2021 - 3:57am

HONG KONG, June 03, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU),a leading tech-driven online brokerage and wealth management platform in China, today announced S&P Global Ratings (S&P) has assigned an investment grade long-term issuer credit rating BBB- to the Company.

Key Points: 
  • HONG KONG, June 03, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU),a leading tech-driven online brokerage and wealth management platform in China, today announced S&P Global Ratings (S&P) has assigned an investment grade long-term issuer credit rating BBB- to the Company.
  • The rating on Futu reflects the Companys leading market position in the Hong Kong brokerage market, strong capitalization with solid financing standing, and prudent risk controls.
  • Futu is the first online broker in the Asia-Pacific region to have obtained international rating, and the first Hong Kong-based broker to have obtained standalone investment grade issuer rating, with its bbb GCP being the highest grade GCP/SACP (standalone credit profile) that S&P has assigned to securities firms in Greater China.
  • Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform.

Futu's one-stop investment platform, moomoo, achieves over 220,000 users and 100,000 paying clients in under 3-months since launch in Singapore

Countries, Demographics, Articles, Demography, Futu, Singapore, Millennials, Generation Z
Tuesday, June 1, 2021 - 10:08am

Ltd., has gained over 100,000 paying clients with its user base soaring to over 220,000 in Singapore since the official launch on 8 March 2021, making it one of the fastest growing digital investment platforms in Singapore.

Key Points: 
  • Ltd., has gained over 100,000 paying clients with its user base soaring to over 220,000 in Singapore since the official launch on 8 March 2021, making it one of the fastest growing digital investment platforms in Singapore.
  • Since entering the Singapore market, moomoo has proven to be a hot-favorite among the investing community, with its user base amassing to 220,000, of which 100,000 are paying clients.
  • Among the 100,000 paying customers, over 40% of our paying clients showed a keen interest in trading in the US market.
  • Futu Singapore conducted a survey earlier this year to better understand investing behavior and motivations among Gen Z and Millennials clients, understanding that this is a target audience segment to watch.

Futu Announces the Number of Its Paying Clients in Singapore Has Surpassed 100,000

Countries, Futu, Companies, Financial markets
Tuesday, June 1, 2021 - 5:00am

HONG KONG, June 01, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU),a leading tech-driven online brokerage and wealth management platform in China, today announced the number of its paying clients in Singapore has surpassed 100,000.

Key Points: 
  • HONG KONG, June 01, 2021 (GLOBE NEWSWIRE) -- Futu Holdings Limited (Futu or the Company) (Nasdaq: FUTU),a leading tech-driven online brokerage and wealth management platform in China, today announced the number of its paying clients in Singapore has surpassed 100,000.
  • On March 8, 2021, Futu officially launched its digital platform moomoo in Singapore and has been experiencing strong growth momentum since the inception.
  • In Singapore, capital markets products and services on moomoo are offered by Futu Singapore Pte.
  • Futu Holdings Limited (Nasdaq: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform.

Remark Holdings Adjourns Special Shareholder Meeting Until July 8, 2021

Economy of New York City, NASDAQ, Futu, Finance, Financial markets, Investment
Thursday, May 27, 2021 - 6:05pm

LAS VEGAS, May 27, 2021 /PRNewswire/ --Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence ("AI") solutions and digital media properties, today announced the adjournment of its special shareholder meeting until Thursday, July 8, 2021 at 1:00 p.m.

Key Points: 
  • LAS VEGAS, May 27, 2021 /PRNewswire/ --Remark Holdings, Inc. (NASDAQ: MARK), a diversified global technology company with leading artificial intelligence ("AI") solutions and digital media properties, today announced the adjournment of its special shareholder meeting until Thursday, July 8, 2021 at 1:00 p.m.
  • Remark Holdings, Inc. (NASDAQ: MARK ) delivers an integrated suite of AI solutions that enable businesses and organizations to solve problems, reduce risk and deliver positive outcomes.
  • Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC.
  • Any forward-looking statements reflect Remark Holdings' current views with respect to future events, are based on assumptions and are subject to risks and uncertainties.

Acorns, The Largest Subscription Service In Consumer Finance, To Become Publicly Traded Company

Acorns, Oak, Futu, Companies, California, Cuisine
Thursday, May 27, 2021 - 12:30pm

The combined company (the "Company") will continue as a publicly listed entity and have an expected pro forma fully-diluted equity value of approximately $2.2 billion, assuming no redemptions.

Key Points: 
  • The combined company (the "Company") will continue as a publicly listed entity and have an expected pro forma fully-diluted equity value of approximately $2.2 billion, assuming no redemptions.
  • Upon completion, the Company will operate as Acorns Holdings, Inc. and is expected to trade under the symbol "OAKS" on the Nasdaq Capital Market ("Nasdaq").
  • The new Acorns will continue to be led by Noah Kerner, Chief Executive Officer, and the Company's experienced management team.
  • Acorns Grow Incorporated is the largest subscription service in U.S. consumer finance, helping 4+ million everyday American subscribers save and invest for the future.

Futu Announces First Quarter 2021 Unaudited Financial Results

Countries, World, Futu, Singapore
Wednesday, May 19, 2021 - 9:00am

As of quarter end, we had approximately 790 thousand paying clients, representing 231.0% year-over-year growth.

Key Points: 
  • As of quarter end, we had approximately 790 thousand paying clients, representing 231.0% year-over-year growth.
  • Among the net additions in the first quarter, 70% came from Hong Kong, Singapore and other overseas markets, and over 50% joined our platform organically.
  • Client acquisition in Singapore has far exceeded our expectations since the official launch on March 8, and the strong momentum continued into the second quarter.
  • It will automatically lead to the registration page of "Futu Holdings Ltd First Quarter 2021 Earnings Conference Call", where details for RSVP are needed.

Priority Income Fund Announces Preferred Stock Distributions for June 2021

United States securities law, Financial markets, Finance, Financial Industry Regulatory Authority, Securities Investor Protection Corporation, Money, Security, Futu
Wednesday, May 12, 2021 - 9:32pm

Prospect and its affiliates employ a team of approximately 100 professionals who focus on credit-oriented investments yielding attractive current income.

Key Points: 
  • Prospect and its affiliates employ a team of approximately 100 professionals who focus on credit-oriented investments yielding attractive current income.
  • Prospect, together with its affiliates, has $6.7 billion of assets under management as of March 31, 2021.
  • For more information, call 212.448.0702 or visit prospectcapitalmanagement.com.\nPreferred Capital Securities, LLC serves as the dealer manager for Priority Income Fund, Inc. and has been a member of FINRA/SIPC since 2015.
  • Such statements speak only as of the time when made, and Priority Income Fund, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.\n'