Futu

Futu Holdings Limited (Nasdaq: FUTU) is a leading tech-driven online brokerage and wealth management platform headquartered in Hong Kong. Founded in 2007 by former Tencent executive Leaf Li, Futu was listed on the Nasdaq in March 2019. The company operates digital platforms Futubull and moomoo, which offer a range of investment services including securities trading, margin financing, and wealth management products to individual investors across multiple markets including Hong Kong, the US, and Singapore.

Futu's key products and services include:

• Online brokerage: Allows users to trade stocks, options, ETFs and other securities in markets like the US, Hong Kong, and Singapore

• Margin financing and securities lending

• Wealth management: Offers access to mutual funds, bonds and other wealth products through its Money Plus platform

• Market data and news

• Social networking features for investors to share insights

• Corporate services like IPO distribution and ESOP solutions

As of March 2024, Futu had over 1.8 million paying clients and 22.5 million total users across its platforms. The company has been expanding internationally, recently launching services in Malaysia and Japan. Futu is pursuing growth in new markets while enhancing its product offerings, such as adding cryptocurrency trading capabilities for Hong Kong users in August 2024. The company reported total revenues of HKUSD 2,592.5 million for Q1 2024, up 3.7% year-over-year, with net income of HKUSD 1,035.1 million.