Futu Hong Kong IPO underwriting results top the industry

by Theleaders-Online | March 3, 2023 11:09 am

Co-organizing flagship listco forum exploring digitalization roadmap

HONG KONG, March 3, 2023 /PRNewswire/ — Futu Securities International (Hong Kong) Limited  (“Futu” or the “Company”), a leading tech-driven digitalized brokerage and wealth management company, the largest digital retail broker in Hong Kong in terms of its number of retail clients, asset under custody and trading volume[1], marked another No.1 for its underwriting business. Futu I&E, the corporate & institutional services brand under Futu, provided underwriting services[2] to 41 Hong Kong IPOs in 2022, ranking first in the industry according to the financial data platform – Wind[3]. Futu bagged the top three Hong Kong IPO fundraisers in 2022 as its clients, with cooperated with 86% of the IPOs with a market capitalisation of over HK$10 billion (as at 31 December 2022). With a strong track record of serving Hong Kong listed companies, Futu was invited to co-host an industry flagship event to share new developments in investor relations (IR) for listed companies in the digital economy.

Andrew Sun, Partner of Futu I&E, was invited to join the “Top 100 Hong Kong Listed Companies” forum[1]
Andrew Sun, Partner of Futu I&E, was invited to join the “Top 100 Hong Kong Listed Companies” forum

Futu tops 2022 Hong Kong IPO underwriting results

Futu I&E, as the corporate & institutional services brand under Futu, has served more than 200 IPO clients as of  2022 Q3, including leading companies from different industries. In 2022, six of the top ten Hong Kong IPO companies in terms of fundraising size were Futu clients. Among them, three of the top Hong Kong IPO fundraisers, China Tourism Group Duty Free Corporation Limited, Tianqi Lithium Corporation and CALB Co., Ltd. all cooperated with Futu. The public subscription amount of these three companies on Futu’s platform leads the rest of underwriting brokerages in the projects, nearly doubled the amount of the second place ranked platform.

Mr. Andrew Sun, Partner of Futu I&E, said, “It is encouraging to see that Futu managed to achieve excellent results in IPO service in 2022, despite numerous factors that hit the Hong Kong capital market. The lifting of all Covid restrictions, economic activity reboot, and better liquidity released from domestic monetary policy are expected to boost the Hong Kong IPO market in 2023.”

Futu I&E co-organises the “Top 100 Hong Kong Listed Companies”

With its solid experience in listed company services, Futu I&E was invited to co-organize “Digital Transformation, Create Value Together” – 2022 Hong Kong Listed Companies Development Summit Forum cum “Top 100 Hong Kong Listed Companies” Awards Ceremony (the “Event”), to discuss and enhance the digital transformation of listed companies.

Ms. Kitty Lo., Founder of the Hong Kong Top 100 Research Center and chairman of FINET Group, delivered a speech at the forum,” The Top 100 Hong Kong Listed Companies Awards organized by the Hong Kong Top 100 Research Center began in 2012. With a decade of hard work, the event has become one of the significant benchmarks and investment barometers in the industry. Over the last nine years, we witnessed flourishing development from the integration of Hong Kong and Mainland China. With our persistence and determination, we hope we can play a key role in contributing to the continuous success of Hong Kong in becoming an international financial center which helps propelling the healthy development of the Hong Kong capital market.”

Futu I&E presided over the roundtable forum, “Breakthroughs in new IR model in the digital economy”, focusing on the digital transformation of investor relations. Mr. Andrew Sun, Partner of Futu I&E; Dr. Eva Chan, Chairman of Hong Kong Investor Relations Association; Mr. Mike Wong, CEO of Chamber of Hong Kong Listed Companies; Ms. Swan Wan, General Manager of Yuexiu Services Group Limited Capital Market Department; Mr. Lee Jen Chang, Chairman of Porda Havas International Finance Communications Group, assembled at the forum to take a deep dive into the IR topic from the perspectives of IR services providers, practitioners and observers.

The event was grandly held in Hong Kong Island Shangri-La on February 24, 2023 (Friday) afternoon. Guests from government & representatives, seasoned industry players, and business leaders convened to discuss new opportunities for listed company’s transformation in the era of the digital economy, which include discovering business value through digital tools for a new growth area.

Futu establishes Hong Kong’s first fully online investment community

Futu I&E provides companies with technology-empowered full services throughout the listing process. Futu I&E participated in the successful listing of more than 200 companies, such as Meituan, Kuaishou, Xiaomi, Baidu, JD Health International Inc, and Bilibili*. Over 1,100 listed companies have opened a page on the Futu platform, using Futu page, a digital IR channel, to communicate with investors and achieve their digital transformation goal.

Futu is a digital financial trading platform with nearly 20 million registered users around the world, with footprints in Hong Kong, Singapore, the United States, Australia and more. Futubull community – the first-in-Hong Kong fully online investment community – meets the trading and financial information needs of individual investors, listed companies and financial institutions, forming a complete investment ecosystem.

Futu I&E Introduction:

Futu Holdings Limited (Nasdaq: FUTU) is a leading digital fintech company. FUTU I&E is the corporate and institutional service brand under Futu, providing five core services: employee stock ownership plans (ESOP), IPO promotion & distribution* and international placement services, IR & PR services, block trade & stock reduction/repurchase*, and institutional trading services*.

By Q3 2022, FUTU I&E has served more than 700 corporate clients#. We have provided IPO distribution and IR services to more than 300 companies and have assisted over 200 companies to go public in HK and US stock markets, including Meituan, Kuaishou, Xiaomi, Baidu, JD Health, Bilibili, etc. 527 companies chose Futu for ESOP services, and more than 1,100 companies opened Futu Page accounts.

*Services are provided by licensed subsidiaries of Futu Group

#Source: Futu Holdings 2022 Q3 Financial Report

[1] It refers to Futu as the largest securities broker with full online services in Hong Kong with the highest trading volume, assets under custody, and APP downloads.

– The trading volume data comes from the 2022 comprehensive trading ranking list on AiPO website which indicating Futu Securities as the top in trading volume among Hong Kong online brokerages in 2022

– Download data comes from data.ai (formerly App Annie) which data proved Futubull as the number one stock trading app in Hong Kong by downloads in iOS and Google Play platforms in 2022

– The asset volume data refers to the assets under custody of participants of the Central Clearing and Settlement System (CCASS) on December 30, 2022 (supervised by the Securities and Futures Commission). The data shows that Futu Securities ranks 16th in CCASS, ranking first in the category of securities firms.

[2] The underwriting business is provided by a licensed subsidiary of Futu Holdings

[3] Data source: Wind (https://mp.weixin.qq.com/s/mUuQN2LCVdQbBqX5hxhgBw[2])

  1. [Image]: https://mma.prnasia.com/media2/2015352/Andrew_Sun_Partner_Futu_I_E_invited_join__Top_100_Hong.html
  2. https://mp.weixin.qq.com/s/mUuQN2LCVdQbBqX5hxhgBw: https://mp.weixin.qq.com/s/mUuQN2LCVdQbBqX5hxhgBw

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