Futu Holdings, Ltd
Company typePublic
IndustryConglomerate
FoundedOctober 2012; 11 years ago (2012-10)
FounderLeaf Hua Li (Chinese: 叶子哥)
HeadquartersAdmiralty, Hong Kong
Area served
Worldwide
Key people
Leaf Hua Li
ProductsDiversified investments
Total assetsHK$87.1 billion as of (2019)
Number of employees
561[1]
SubsidiariesMoomoo, Inc
Websitewww.futuholdings.com/en-us

Futu Holdings Limited (Chinese: 富途) operates as a holding company in digitized brokerage and wealth management platform in China, Hong Kong, the United States, and internationally. The largest investor of Futu as of 2019 is Tencent. Founder Leaf Li is a former employee of Tencent.[2] The company originally traded as NASDAQ symbol FHL,[3] but changed to FUTU.

Futu, raised $90 million in an initial public offering on the Nasdaq on March 8, 2019.[4]

Moomoo

Moomoo Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Palo Alto, California that allows customers to trade US stocks, Chinese stocks, Hong Kong stocks, ETFs, and options.[5] Moomoo, Inc was founded in March 2018. The platform was created specifically for U.S. customers.[6][7][8]

References

  1. ^ "Futu is the first big Chinese IPO of 2019: 5 things to know about the online brokerage". Market Watch. Retrieved 6 May 2020.
  2. ^ "Futu Holdings Ltd - Company Profile and News". www.bloomberg.com.
  3. ^ "Futu Announces NASDAQ Ticker Symbol Change to "FUTU"". news.usaonline.us.
  4. ^ Cheng, Evelyn (March 20, 2019). "China's tech-savvy millennials are fueling interest in US stocks". CNBC.
  5. ^ "Moomoo - Stock trading App with free commissions, investing in Options, ETFs". www.moomoo.com.
  6. ^ "SECURITIES AND EXCHANGE COMMISSION FORM F-1 REGISTRATION STATEMENT Futu Holdings Limited". U.S. Security and Exchange Commission. Retrieved 6 May 2020.
  7. ^ "Moomoo Trading App Review 2021 + 8 Free Stocks (Worth $2,200)".
  8. ^ Wang, Eudora (March 18, 2019). "Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO".


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