Futu seals $1.2bn follow-on in choppy markets

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Futu seals $1.2bn follow-on in choppy markets

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H3JWE7 Times Square in New York | Alamy Stock Photo

Chinese financial technology platform Futu Holdings has raised $1.24bn from a follow-on offering of its American depository shares (ADS). The issuer was able to navigate volatile markets thanks to support from a large global fund.

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