UP Fintech Holdings has emerged as a leading platform for the facilitation of Sino-US equity investment.
Tiger Brokers (NZ) Limited, a subsidiary of UP Fintech Holdings, participated in the underwriting of 12 of the over 30 American Depository Receipts (ADR) IPO’s of Chinese companies on US exchanges in 2019.
Since 2017 UP Fintech has participated in the IPO’s of a number of leading Chinese tech companies, including search engine Sogou Inc., e-commerce platform Pinduoduo, online education platform Youdao and video streaming service iQIYI.
UP Fintech CEO Wu Tianhua touts the company’s ability to bridge the gap between Chinese companies and US equities markets.
“Chinese companies from different industries face a variety of difficulties through the IPO process in the U.S,” said Wu.
“On one hand, many Wall Street institutions are unfamiliar with relatively lesser-known Chinese companies, which may result in less allocation of resources to these companies.
“On the other hand, Chinese companies may not possess the requisite expertise to efficiently manage a new issue in the U.S. market.
“This is where our unique business model and market understanding distinguish our firm: we are ourselves a young technology company, so compared to traditional banks, we are naturally more connected to these emerging companies and understand their needs better.”
UP Fintech first launched its proprietary trading platform Tiger Trade in 2015, with the goal of providing global Chinese investors with better access to the US and international equities markets.
A report from iResearch indicates that UP Fintech has since emerged as the largest online broker for global Chinese investment in US equities.