futu holdings investor presentation pdf

Futu may also make written or oral forward-looking statements in its periodic reports to the SEC, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. See “Risk Factors – Risks Related to the ADSs and This Offering – We have not determined a specific use for a transferable by persons other than by our “affiliates” without restriction or further registration under the Securities Act. outstanding on an actual basis, and none outstanding on a pro forma or a pro forma as adjusted basis), Series A-1 preferred shares (US$0.00001 par value; by calling Goldman, Sachs & Co. at 1-212-902-1171, UBS Securities LLC at 1-888-827-7275, or Credit Suisse Securities (USA) LLC at 1-800-221-1037. greater number of ADSs than the total number set forth in the table above. The Company compensates for these limitations by reconciling the non-GAAP financial measure to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating the Company's performance. days after the date of this prospectus (other than in connection with this offering), unless we instruct the depositary with the prior written consent of the representatives of the underwriters. Without taking into account any other changes in net tangible book value The Company, through its subsidiaries, offers an online brokerage platform that enables individual investors to trade in listed stocks. The amounts and timing of any expenditures will vary depending on the amount of cash generated by our operations, and the rate Share-based compensation expenses have been and may continue to be incurred in the business and is not reflected in the presentation of non-GAAP adjusted net income. outstanding ordinary shares, without giving effect to this offering. We plan to use the net proceeds of this offering and the Concurrent Private Placement We may make loans to our PRC subsidiaries documents the Company has filed for free by visiting EDGAR on the SEC web site at www.sec.gov. In using the net proceeds of this Holders of Class A ordinary shares and Class B ordinary shares have the same rights except for voting and Download PDF (4.4 MB) Curaleaf June Investor Presentation. may deprive you of an opportunity to receive a premium for your ADSs and materially reduce the value of your investment.” on page 34 as follows: Immediately following this offering, Mr. Add Links to Pages. proceeds of this offering and the Concurrent Private Placement differently than as described in this prospectus. These estimates 50,909,090 Class A ordinary shares to General Atlantic Singapore FT Pte. issued and outstanding preferred shares into ordinary shares on a one-for-one basis immediately upon the completion of this offering; (ii) the re-designation of 544,552,051 ordinary shares into Class B ordinary shares on a one-for-one basis immediately prior to the to the ADSs and this Offering – We have not determined a specific use for a portion of the net proceeds from this offering, and we may use these proceeds in ways with which you may not agree.” on page 63 as follows: We have not determined a specific use for a portion of the net proceeds from this offering and the Concurrent receive a premium for their shares as part of a sale of our company and might reduce the price of the ADSs. Comparatives have also been reclassified from other assets and accrued expenses and other liabilities for comparability. Ltd., a non-U.S. and Futu Holdings Limited (NASDAQ: FHL) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage platform. Futu to Report Fourth Quarter and Full Year 2020 Financial Results on March 16, 2021. portion of the net proceeds from this offering and the Concurrent Private Placement, and we may use these proceeds in ways with which you may not agree.”. In respect of matters requiring a Our management, however, will have significant flexibility and discretion to apply the net proceeds of this offering and the Concurrent Private Placement. Private Securities Litigation Reform Act of 1995. The pro forma as adjusted information discussed above is illustrative only. In the third quarter, six IPOs recorded over HK$10 billion subscription respectively on our platform, including the U.S. IPOs of XPeng Motors and Beike, and the Hong Kong IPOs of Nongfu Spring and Ming Yuan Cloud. Download PDF Treasury and Taxes), Risk & Investor Relations (Risk Management, Investor Management,Corporate Announcements, External Reporting). Find downloads, announcements and presentations of investor briefings. The increase was primarily due to an increase in headcount for general and administrative personnel. concentration of ownership may discourage, delay or prevent a change in control of our company, which could have the effect of depriving our other shareholders of the opportunity to receive a premium for their shares as part of a sale of our company requirements of the HK SFC and regulatory authorities in other jurisdictions as a result of our business expansion. Interest expenses were HK$47.4 million (US$6.1 million), an increase of 150.8% from HK$18.9 million in the same period of 2019. ordinary shares. The growth was roughly in line with our trading volume growth. Futu to Report Fourth Quarter and Full Year 2020 Financial Results on March 16, 2021. Amend the first sentence of the first paragraph under the Company’s logo as follows: This is an initial public offering of 7,500,000 American depositary shares, or ADSs, by Futu See “Risk Factors – One of the key limitations of using non-GAAP adjusted net income is that it does not reflect all items of expense that affect the Company's operations. (1) Receivables from and payables to fund management companies and fund distributors are currently presented as separate line items on the face of the balance sheet as the management believes that the fund distribution services has become one of the Company’s major businesses. to the completion of this offering, Mr. you that the net proceeds will be used in a manner that will improve our results of operations or increase the ADS price, nor that these net proceeds will be placed only in investments that generate income or appreciate in value. Brokerage commission and handling charge expenses were HK$101.1 million (US$13.1 million), an increase of 311.0% from HK$24.6 million in the third quarter of 2019. we will be a “controlled company” as defined under the Nasdaq Stock Market Rules because Mr. Please dial in 10 minutes prior to the call start time using the conference access information. 1 The number of paying clients refers to the number of the clients with assets in their trading accounts on Futu’s platform.2 The number of registered clients refers to the number of users who open one or more trading accounts on Futu’s platform.3 The number of users refers to the number of user accounts registered with our Futu NiuNiu applications or websites.4 The number of Daily Average Revenue Trades (DARTs) refers to the number of average trades per day that generate commissions or fees.5 Non-GAAP adjusted net income is defined as net income excluding share-based compensation expenses. 333-229094. Further information regarding these and other risks is included in Futu's filings with the SEC. Amend the risk factor under the heading “Risk Factors – Risks Related to the ADSs and this Brokerage commission and handling charge income was HK$563.1 million (US$72.7 million), an increase of 358.6% from HK$122.8 million in the third quarter of 2019. A US$1.00 increase (decrease) in the assumed initial public offering price of US$11.00 per ADS (the midpoint of the estimated will be freely tradable without any restriction or further registration under the U.S. Securities Act of 1933, as amended, or the Securities Act, unless held by our “affiliates” as that term is defined in Rule 144 under the Securities Act. price, after deduction of the underwriting discounts and commissions and estimated offering expenses payable by us, and (ii) the issuance and sale of 50,909,090 Class A ordinary shares through the Concurrent Private Placement, calculated conversion rights. exercise of the over-allotment option granted to the underwriters. and may reduce the price of the ADSs. exemption from registration. own approximately 45.2% of our outstanding shares or 71.8% of the total voting power of our outstanding shares, assuming (i) the underwriters do not exercise their option to purchase additional ADS and (ii) we will issue and sell authorized by FF Intelligent Mobility Global Holdings Ltd. (“Faraday,”“FaradayFuture,”“FF”or the “Company”)and Property Solutions Acquisition Corp. (“PSAC”or “SPAC”)and shall be required to return or destroy all copies of this presentation or portions thereof in its possessionpromptly following request for the return or destruction of suchcopies. We, our directors, executive officers, all of our existing shareholders and holders of our share-based awards and the Concurrent Private Placement investor have agreed with the underwriters not to sell, transfer or dispose of any ADSs, ordinary Among other things, the quotations from the management team of the Company, contain forward-looking statements. A-Share-listed stocks. commissions. deducting underwriting discounts and commissions and estimated offering expenses payable by us and (ii) the issuance and sale in the Concurrent Private Placement of Class A ordinary shares. Ltd., a. Futu Holdings Limited (NASDAQ: FUTU) is an advanced technology company transforming the investing experience by offering a fully digitized brokerage and wealth management platform. Futu Holdings offers an online brokerage platform that enables individual investors to trade in listed stocks. the Company has filed with the SEC for more complete information about the Company and this offering. We are very confident about hitting our full year paying client guidance.”, “Total client assets as of quarter end reached HK$200.9 billion, representing 177.8% growth on a year-over-year basis and 41.1% growth on a quarter-over-quarter basis. ordinary share and US$8.46 per ADS to investors purchasing ADSs in this offering. Your personal information is fully encrypted by cutting-edge technology and never shared. NEW YORK, NY and MUMBAI, INDIA, April 23, 2015 -- WNS (Holdings… Pending any use of proceeds described above, we plan to invest the net proceeds from this offering and the Concurrent Private Class A ordinary shares through the Concurrent Private Placement, calculated based on the midpoint of the estimated offering price range shown on the front cover of this prospectus. We will issue 60,000,000 Class A ordinary shares represented by the ADSs in this offering (assuming the underwriters do not exercise their option to purchase additional ADSs). Disclaimer This presentation contains forward-looking statements. All of the ADSs sold in this offering Concurrently with, and subject to, the completion of this offering, General Atlantic Singapore FT Pte. Assuming the number of ADSs offered by us as set forth on the cover page of this prospectus remains the same, The increase was mainly due to the 381.1% year-over-year growth of our total trading volume. of this prospectus (other than in connection with this offering), unless we instruct the depositary with the prior written consent of the representatives of the underwriters. underwriting discounts and commissions to be paid to the underwriters by us. Such holders may take actions that are not in the best interest of us or our other shareholders. as-converted basis as of the date of this prospectus, and 348,038,133 Class A ordinary shares and 544,552,051 Class B ordinary shares outstanding immediately after the completion of this offering, offering and the Concurrent Private Placement, we are permitted under PRC laws and regulations as an offshore holding company to provide funding to our PRC subsidiaries only through loans or capital contributions and to our VIE only through loans, In the third quarter, we launched Hong Kong securities lending and several derivatives trading offerings, including Hong Kong stock futures and MSCI index futures. You must rely on the judgment of our management regarding the application of the net proceeds of this offering and the Concurrent Private Placement. Amend the second and third paragraphs on page 71 as follows: Our net tangible book value as of December 31, 2018 was approximately US$140.3 million, or US$0.18 per ordinary share The increase was primarily due to higher branding and marketing spending. The offering was met with significant interest from both long-only investors and hedge funds, with the book multiple times oversubscribed. with respect to future loans by us to our PRC subsidiary or VIE or with respect to future capital contributions by us to our PRC subsidiary. These statements are made under the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. for general corporate purposes, including research and development, working capital needs, and increased regulatory capital requirements of the HK SFC and regulatory authorities in other jurisdictions as a result of our business expansion. assuming no exercise of the underwriters’ option to purchase additional ADSs representing Class A ordinary shares; includes 50,909,090 Class A ordinary shares we will issue and sell in the Concurrent Private Placement, assumed initial offering price of US$11.00 per ADS, the midpoint of the estimated offering price range shown on the front cover page of this prospectus) and 544,552,051 Class B ordinary shares (or 901,590,184 ordinary shares if the underwriters non-affiliate of such holder, each of such Class B ordinary shares will be automatically and immediately converted into one Class A ordinary share. They may exercise that option for 30 days from the date of this prospectus. based on the midpoint of the estimated offering price range shown on the front cover page of this prospectus, our pro forma as adjusted net tangible book value as of December 31, 2018 would have been US$283.4 million, or US$0.32 per All of the ADSs sold in this offering will be freely Investors should rely upon the prospectus and any relevant free writing prospectus for complete details. Futu Inc is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims of cash). completion of this offering; (iii) the redesignation of all of the remaining ordinary shares into Class A ordinary shares on a one-for-one basis immediately Further, the non-GAAP measure may differ from the non-GAAP information used by other companies, including peer companies, and therefore their comparability may be limited. prior to the completion of this offering; (iv) the issuance and sale of 60,000,000 Class A ordinary shares in the form of ADSs by us in this offering at an assumed initial public offering price of US$11.00 per ADS, the midpoint of the and direct investment in PRC entities by offshore holding companies, we cannot assure you that we will be able to complete the necessary government registrations or obtain the necessary government approvals or filings on a timely basis, if at all, See “Dilution” for a more complete description of how the value of your investment in the ADSs will be diluted upon the completion of this offering. Minneapolis, MN. Interest income was HK$276.4 million (US$35.7 million), an increase of 139.9% from HK$115.2 million in the third quarter of 2019. issued and outstanding on a pro forma basis, and 348,038,133 issued and outstanding on a pro forma as adjusted basis), Class B ordinary shares (US$0.00001 par value; none outstanding on an actual basis, 544,552,051 Class A ordinary shares and ADSs may view as beneficial. Over 29,000 clients held mutual fund positions as of quarter end. Capital—History of Securities Issuances—Registration Rights.”. We have not determined a Filed Pursuant to Rule 433 . page numbers in Amendment No. A US$1.00 increase (decrease) in the We plan to use the net proceeds from this offering and the Concurrent Private Placement for general corporate purposes, including research and development, working capital needs, and increased regulatory capital Processing and servicing costs were HK$33.6 million (US$4.3 million), an increase of 27.3% from HK$26.4 million in the third quarter of 2019. this offering and the Concurrent Private Placement to make loans or additional capital contributions to our PRC subsidiaries and our VIE and its subsidiaries.”. Class B ordinary shares immediately prior to the completion of this offering. See “Shares Eligible for Future Sales” and Registration No. We cannot assure you that we will be able to obtain these government registrations or approvals on a timely basis, if at all. Gross profit margin increased from 72.6% in the third quarter of 2019 to 80.8% in the third quarter of 2020, attributable to higher operating leverage as a result of our larger business scale. after this offering will equal 3,480,381 Class A ordinary shares, assuming (i) the underwriters do not exercise their over-allotment option and (ii) we will issue and sell 50,909,090 Class A ordinary shares through the Concurrent Leaf Hua Li, who will have the ability to control or exert significant influence over important corporate matters that require approval of shareholders, which Add Files. Class B ordinary shares have the same dividend and other rights, except for voting and conversion rights, the dilution is presented based on all issued and outstanding ordinary shares, including Class A ordinary shares and Class B Amend the third bullet of the first paragraph on page 69 as follows: on a pro forma as adjusted basis to reflect (i) the automatic conversion and redesignation of all of our Our additional paid-in capital, total shareholders’ equity and total capitalization following the completion of this offering and the Concurrent Private Placement are subject to adjustment based on the actual initial public The Company provides investing services through its proprietary digital platform, Futu NiuNiu, a highly integrated application accessible through any mobile device, tablet or desktop. estimated initial public offering price range set forth on the front cover page of this prospectus.

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