The Xiaomi-backed online brokerage floated above its range while its other corporate investor, International Brokers, bought more than $13m of shares.
Up Fintech, the China-based digital brokerage also known as Tiger Brokers, floated in the US yesterday in a $104m initial public offering, enabling consumer electronics producer Xiaomi to exit.
The offering consisted of 13 million American depositary shares (ADSs), each representing 15 ordinary shares, priced at $8.00 each, above the $5 to $7 range Tiger Brokers set earlier this month.
IB Global Investments, a vehicle for brokerage firm International Brokers, has agreed to buy an additional $7m of shares…
