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Futu Securities Selected as Underwriter for Meituan Dianping's Latest Hong Kong IPO

  September 07, 2018  
Niwodai

Meituan Dianping (HKEX: 3690), the second company to list in Hong Kong under the new dual-class share structures, rang the bell at the Hong Kong Stock Exchange today. Merrill Lynch, Goldman Sachs, and Morgan Stanley are the joint sponsors for this IPO.

Among the group of well-known investment banks, Futu Securities is one of the underwriters that possesses unique product and technology advantages.

Earlier in July, Futu was selected as the only online brokerage company that participated in underwriting for the first dual-class share offering - Xiaomi. Through Futu's system, thousands of individual investors subscribed to this well-known billion-dollar IPO.

The number of people who subscribed for Xiaomi's new shares through Futu Securities accounted for 20 percent of Xiaomi's global public subscription, and the amount of that subscription accounted for 13 percent of its global public subscription.

In addition to Xiaomi, Futu Securities acted as underwriter for a series of big unicorn companies' IPO, including Meitu Inc., 51 Credit Card Inc., 7road.com Ltd., ZhongAn Online P&C Insurance Co. Ltd., China Literature Ltd., Yixin Group, etc.

Futu is licensed both in Hong Kong and the U.S. as an online broker. As a key partner to all Hong Kong-listed new-economy companies, Futu Securities aims to connect its partners with as many individual investors as possible. Futu encourages product innovation and strives to enhance the user experience. Now, the Futu online securities brokerage platform has over 5 million registered users. Futu values customers' feedback, and their comments drive Futu's product development and updates. In a way, Futu grows with the client.

Over recent years, Futu has launched several new services to satisfy clients' needs, including a one-click new share subscription, after-hours trading, mainland cross-border stock trading, and an IPO subscription using collateral. In addition, Futu rolled out a series of discounts and special offers, for example, zero-commission, zero-deposit IPO subscriptions, low margin fees, etc.

Meituan Dianping and Haidilao IPOs are approaching, Futu Securities launched a new limited-time promotion campaign. From now until September 20, 2018, Futu customers who have U.S. stock or A shares are eligible to apply for a zero-interest HK$100,000 loan for new share subscriptions.

Link to the original article: http://www.xincainet.com/index.php/news/view?id=211389

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