Tencent-backed online broker Futu set to raise $90m in US IPO

Tencent-backed online broker Futu set to raise $90m in US IPO

A man stands next to statues of the QQ mascot outside Tencent Holdings Ltd.'s under construction new headquarters in Shenzhen, China. Photographer:Qilai Shen/ Bloomberg

Futu Holdings Ltd., the online Chinese broker backed by Tencent Holdings Ltd., is poised to raise $90 million after pricing its U.S. initial public offering at the top of the targeted range, people with knowledge of the matter said.

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