Benzinga | Dec 8, 2020 06:32AM EST

Futu Announces An Investment Firm Has Agreed To Purchase ~50M Class A Shares From Co. In The Form Of Prepaid Warrants For Aggregate Purchase Price Of ~$260M

HONG KONG, Dec. 08, 2020 (GLOBE NEWSWIRE) -- Futu Holdings Limited (NASDAQ:FUTU) ("Futu" or the "Company"), a leading tech-driven online brokerage and wealth management platform in China, today announced that a leading global investment firm has agreed to purchase approximately 50,000,000 Class A ordinary shares of the Company in the form of prepaid warrants for an aggregate purchase price of approximately US$260,000,000.



The transaction is subject to customary closing conditions and the closing is expected to take place in the near future. The share issuance is exempt from registration under the Securities Act of 1933, as amended, (the "Securities Act") in compliance with Regulation S under the Securities Act.