SINGAPORE, Oct. 24, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced the closing of its public offering of 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, at a public offering price of US$6.25 per ADS. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the publ ...

Exhibit 1.1 15,000,000 American Depositary Shares UP FINTECH HOLDING LIMITED Representing 225,000,000 Class A Ordinary Shares, Par Value US$0.00001 Per Share UNDERWRITING AGREEMENT October 22, 2024 Deutsche Bank AG, Hong Kong Branch Level 60, International Commerce Centre 1 Austin Road West, Kowloon, Hong Kong China International Capital Corporation Hong Kong Securities Limited 29/F, one International Finance Centre 1 Harbour View Street, Central Hong Kong US Tiger Securities, Inc. 437 Madison Avenue, 27th ...

SINGAPORE, Oct. 23, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced the pricing of a public offering of 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, at a public offering price of US$6.25 per ADS. The underwriters will have an option to purchase up to an aggregate of 2,250,000 additional ADSs from the Company at the p ...

SINGAPORE, Oct. 22, 2024 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (Nasdaq: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced that it intends to offer and sell 15,000,000 American Depositary Shares (“ADSs”), each representing 15 Class A ordinary shares of the Company, subject to market and other conditions, in an underwritten public offering. The underwriters have an option to purchase up to an aggregate of 2,250,000 additional ADSs fro ...

Exhibit 99.1 UP FINTECH HOLDING LIMITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS (All amounts in US$, except for share, per share data, or otherwise noted) | --- | --- | --- | |----------------------------------------------------------------------------------------|-----------------------------------|-----------------------------------------| | | As of December 31, \n2023 \nUS$ | As of June 30, (Unaudited) \n2024 \nUS$ | | Assets: | | | | Cash and cash equivalents | 322,599,616 | 392,528,408 | | Cash-s ...

2024 年 09 月 10 日 公司研究 评级：买入(首次覆盖) [Table_Title] 获客加速+交易放量，质押减值拖累业绩兑现 ——老虎证券（TIGR）公司动态研究 研究所： 证券分析师： 孙嘉赓 S0350523120002 sunjg@ghzq.com.cn 最近一年走势 相对表现 1M 3M 12M 市场环境和全面产品供应助推，2024Q2 公司营收及交易量再创新 高。1）公司 2024Q2 实现营业收入 8743.70 万美元，同比增长 32.4%， 环比+10.8%；实现净收入 7385.50 万美元，同比增长 32.8%，环比 +15.1%；归母净利润 2.6 百万美元，Non-GAAP 归母净利润 5.2 百 万美元，同比减少 66.10%，环比-64.67%。净利润下降是由于公司 暂停港股质押业务因市场形势极端，价格大幅下滑，计提了 1320 万 美元的损失准备，从而对贷款余额计提了准备金。2）2024Q2 公司 分别实现佣金收入/利息收入/其他收入 34.10 百万美元/44.20 百万美 元/6.30 百万美元，同比分别+54.9%/+21.2%/+31.6%，活跃的市场 环境和 ...

Daniel Balakov My Buy investment rating for UP Fintech Holding Limited (NASDAQ:TIGR) remains unchanged. Investors should ignore the headline earnings miss for TIGR, as this was attributable to a one-off provision which won't likely recur in the future. Instead, the market should reward UP Fintech for its positive growth momentum. TIGR achieved significant revenue growth acceleration in Q2 2024, and delivered a substantial top line beat. The favorable growth momentum for TIGR is likely to be sustained go ...

Investment Rating - The report does not explicitly state the investment rating for Tiger Brokers (TIGR) [1] Core Views - Tiger Brokers' Q2 2024 revenue reached $87.4 million, a 32.8% YoY increase, driven by strong trading volume and market sentiment recovery [1] - Net income attributable to shareholders was $2.6 million, a 66.1% YoY decline, primarily due to a one-time full provision [1] - Non-GAAP net income was $5.2 million, significantly lower YoY and QoQ, also impacted by the one-time provision [1] - Brokerage commission income reached a historical high for the quarter, driven by a rebound in trading volume [1] - Margin financing interest income increased due to improved market sentiment [1] - IPO distribution income contributed to a 31.6% YoY increase in other income [1] Financial Performance - Total revenue: $87.4 million, up 32.8% YoY [1] - Net income attributable to shareholders: $2.6 million, down 66.1% YoY [1] - Non-GAAP net income: $5.2 million, down significantly YoY and QoQ [1] - Brokerage commission income: $34.1 million, up 62.5% YoY and 23.9% QoQ [1] - Margin financing service fee income: $28.6 million, up 19.8% YoY [1] - Other income: $6.3 million, up 31.6% YoY [1] Operational Highlights - Total trading volume: $3.35 billion, up 73.5% YoY and 17.1% QoQ [1] - Mixed commission rate: 3.2bp, down 0.2bp YoY but up 0.8bp QoQ [1] - Customer assets reached $3.82 billion, a 16.2% QoQ increase, marking the seventh consecutive quarter of growth [1] - Number of funded customers: 230,790, up 16.8% YoY and 5.2% QoQ [1] - The company is confident in achieving its target of 150,000 new funded customers for 2024 [1] Cost and Expense Breakdown - Execution and clearing fees: $2.8 million, up 37.9% YoY [1] - Employee compensation and benefits: $28.6 million, up 19.8% YoY [1] - Occupancy, depreciation, and amortization: $2.1 million, down 16.6% YoY [1] - Marketing expenses: $13.2 million, up 345.1% YoY, reflecting increased investment during market recovery [1] - General and administrative expenses: $6.4 million, up 35.7% YoY [1] Future Outlook - The company has stopped its Hong Kong stock pledge and cash-out business, eliminating similar risks in the future [1] - Tiger Brokers is expected to benefit from the US and Hong Kong stock market resonance, with strong momentum in funding, trading volume, and other metrics [1]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of $5.54, based on a PE ratio of 17.0x for 2024 [5][3]. Core Insights - The company reported significant revenue and profit growth in Q1 2024, with total revenue of $78.95 million, up 19% year-over-year and 13% quarter-over-quarter. Net income reached $64.16 million, reflecting an 11% year-over-year increase and a 19% quarter-over-quarter increase. The net profit attributable to the parent company was $12.33 million, with a Non-GAAP net profit of $14.71 million, showing a 55% year-over-year and 42% quarter-over-quarter increase [2]. - The company has seen a continuous increase in commission income, interest income, and other income, with commission income reaching a new high since Q3 2022. However, potential interest income pressure may arise due to anticipated interest rate cuts by the Federal Reserve [2]. - The Singapore market is expanding with innovative products, such as the Tiger BOSS debit card and Cash Boost account, which are expected to attract more deposit customers and enhance trading volume [2]. - The Hong Kong virtual currency market presents significant growth opportunities, with the company launching virtual asset trading services for both professional and retail investors, aiming to increase asset scale and commission income [2]. Financial Summary - The company achieved a revenue of $225 million in 2022, with a projected growth of 20.92% in 2023 and 17.23% in 2024. The net profit attributable to the parent company is expected to grow from $13 million in 2022 to $51 million in 2024, reflecting a year-over-year increase of 236.92% [4]. - The company's gross margin is projected to be 71.65% in 2024, with a net margin of 13.95% [4]. - The earnings per ADS are expected to increase from $0.08 in 2022 to $0.33 in 2024 [4].

EXHIBIT 99.1 UP Fintech Holding Limited Reports Unaudited Second Quarter 2024 Financial Results Singapore, August 30, 2024 – UP Fintech Holding Limited (NASDAQ: TIGR) ("UP Fintech" or the "Company"), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: "In the second quarter, driven by a more active market environment and our comprehensive product offeri ...