Futu Explained

Futu Holdings Limited
Type:	Public
Founder:	Leaf Hua Li
Location:	Admiralty, Hong Kong
Area Served:	Worldwide
Key People:	Leaf Hua Li
Industry:	Conglomerate
Products:	Diversified investments
Assets:	HK$87.1 billion as of (2019)
Num Employees:	561^[1]
Subsid:	Moomoo, Inc.

Futu Holdings Limited operates as a holding company in digitized brokerage and wealth management platform in China, Hong Kong, the United States, and internationally. The largest investor of Futu as of 2019 is Tencent. Founder Leaf Li is a former employee of Tencent.^[2] The company originally traded as NASDAQ symbol FHL,^[3] but changed to FUTU.

Futu, raised $90 million in an initial public offering on the Nasdaq on March 8, 2019.^[4]

Moomoo

See main article: Moomoo (company). Moomoo Financial Inc., a subsidiary of Futu, is a U.S.-based financial services company headquartered in Palo Alto, California that allows customers to trade US stocks, Chinese stocks, Hong Kong stocks, ETFs, and options.^[5] Moomoo, Inc was founded in March 2018. The platform was created specifically for U.S. customers.^{[6] [7] [8]}

Notes and References

1. Web site: Futu is the first big Chinese IPO of 2019: 5 things to know about the online brokerage . Market Watch . 6 May 2020.
2. Web site: Futu Holdings Ltd - Company Profile and News . www.bloomberg.com.
3. Web site: Futu Announces NASDAQ Ticker Symbol Change to "FUTU". news.usaonline.us.
4. Web site: China's tech-savvy millennials are fueling interest in US stocks. Evelyn. Cheng. March 20, 2019. CNBC.
5. Web site: Moomoo - Stock trading App with free commissions, investing in Options, ETFs. www.moomoo.com.
6. Web site: SECURITIES AND EXCHANGE COMMISSION FORM F-1 REGISTRATION STATEMENT Futu Holdings Limited . U.S. Security and Exchange Commission . 6 May 2020.
7. Web site: Moomoo Trading App Review 2021 + 8 Free Stocks (Worth $2,200).
8. Web site: Tencent-Backed Online Broker Futu Targets US Expansion After NASDAQ IPO. Eudora. Wang. March 18, 2019.