NEW YORK -- China's Futu Holdings, an online stock brokerage backed by Tencent Holdings, wrapped up its first trading day on the Nasdaq on Friday at 27.67% above its initial offering price, reaching a roughly $1.7 billion market valuation in what is seen as the year's first major Chinese listing in the U.S.
Companies
Tencent-backed brokerage surges in Nasdaq debut amid trade war
Futu capitalizes on Chinese millennials' hunger for overseas equities
Futu Holdings, a Hong Kong-based fintech company, went public March 8 on the Nasdaq Stock Market. © Photo courtesy of Futu Holdings
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