China-based online broker Futu closes up 28% on its first day of trading after raising $90M in a US IPO and selling $70M worth of stock via a private placement (Crystal Tse/Bloomberg)


Crystal Tse / Bloomberg:

China-based online broker Futu closes up 28% on its first day of trading after raising $90M in a US IPO and selling $70M worth of stock via a private placement  —  Futu Holdings Ltd., the online Chinese broker backed by Tencent Holdings Ltd., jumped as much as 46 percent after raising $90 million in its U.S. initial public offering.