We advised UP Fintech on its SEC-registered offering

Davis Polk advised UP Fintech Holding Limited in connection with its offering of 17,250,000 American depositary shares (ADSs), each representing 15 Class A ordinary shares of the company. The gross proceeds from the transaction amount to approximately $110 million.

UP Fintech is a leading integrated financial technology platform providing cross-market, multi-product investment experience for investors around the world. UP Fintech primarily operates a one-stop digital brokerage platform, which serves as a gateway and provides the brokerage services, ESOP management services, IPO distributions services, wealth management services and more for retail and corporate clients. Its shares are listed on Nasdaq under the symbol “TIGR.”

The Davis Polk corporate team included partner Li He, counsel Kevin Zhang and associate Haiyang Zhao. Counsel Alon Gurfinkel and associates Kelli A. Rivers and Alex Ang Gao provided tax advice. Counsel Sarah E. Kim and Matthew R. Silver and associate Rosina Curren provided 1940 Act advice. Members of the Davis Polk team are based in the Hong Kong, Beijing, London and New York offices.

Copy link to share post