Davis Polk is advising UP Fintech Holding Limited (“Tiger Brokers”), a company listed on the Nasdaq Global Select Market, on its $65 million private placement of convertible notes to a group of investors led by an affiliate of Xiaomi Corporation. Consummation of the placement of the convertible notes is subject to satisfaction of customary closing conditions. The convertible notes to be issued will mature in 2026 unless previously converted.
Tiger Brokers is a leading online brokerage firm focusing on global investors. Tiger Broker’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. Tiger Brokers offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support.
The Davis Polk corporate team includes partner Howard Zhang, counsel – registered foreign lawyer Lijun (Annie) Yan and registered foreign lawyer Jie Zhang. All members of the Davis Polk team are based in the Beijing office.