$UP Fintech (TIGR.US)$ UP Fintech Holding Limited, known as ...
UP Fintech Holding Limited, known as UP Fintech, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) on October 22, 2024, for the issuance and sale of 15,000,000 American Depositary Shares (ADSs). Each ADS represents fifteen Class A ordinary shares of the company. The offering is part of an automatic shelf registration statement, and UP Fintech may, from time to time, offer and sell the securities described in the prospectus in one or more offerings. The ADSs are listed on the Nasdaq Global Select Market under the symbol 'TIGR.' The company has appointed Puglisi & Associates as its agent for service of process in the United States. The registration statement includes details about the company's corporate structure, control documents, and the validity of the securities being registered. It also addresses the enforceability of civil liabilities under U.S. and Cayman Islands law, as well as PRC legal matters provided by JunHe LLP. The registration statement does not indicate that the offering has been completed, suggesting that it is planned to occur after the filing date.
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Pawtastic OP : The real fall havent come.
Huang he : Stocks rise and immediately issue new shares to cash out. This is a characteristic of Chinese concept stocks. It is also a commonality among Chinese investors. Therefore, without the Chinese stock market, it's just a game of passing the buck, and no one has confidence.
jacky-huang : Do we need to calculate it as 15 million * 15 = 0.225 billion shares? Now the market has only 0.158 billion shares, which means an increase of 142% in shares? That can't be right...
Bull Run : Isn't it necessarily need share holders to vote in the share holders meeting to pass the issue of new shares?
癞气疤子 Bull Run : no, they do what ever they want, i saw two company make twice offer new shares sale in two week
Pawtastic OP : Havent offer already drop so much. Can imagine when they spilt the offering into 2 or 3 times?
102602416 : Think of the opposite. When everyone thought it will go back 20, it fall sharp.
Today 13% drop already factor this news.
Think what the market maker will do if they need to sell 15 mil. They wont dump all 15 mil at once.
Scenario 1: Range 6-7 and sell 15 mil
Scenario 2: Pump to 8-9 and slowly sell 15 mil.
Very unlikely they will dump 15 mil to 3-4. Otherwise they not raising enough capital.
Pawtastic OP 102602416 : they dun have to offer 15 mil all at once. can offer 5 mil first see the market reaction. or wait for better price then do offering again.
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