$Futu Holdings Limited(FUTU)$D

2021-04-21

$Futu Holdings Limited(FUTU)$Don’t understandthe maths.... Issue 9.5m ADS. And 1ADS is 8ADS share. So total issued is 76mil shares at offer price of $153. Current shares outstanding is 111m. So share dilution is about 31.5%... so stock price should be around $105? ($153 -31.5%)... is that how the maths works?

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基本面调查员
2021-04-21
基本面调查员
No. The shares wE trade are ADS
- 基本面调查员ReplyLazybird:
  No. I have asked FUTU's officer,they told me there will increase 9.5 million shares at all.
  Total will be up to 1.45billion.
- LazybirdReply基本面调查员:
  I thought ADR and ADS are the same thing...the full dilution is 76mil shares...
- Lazybird:
  I thought Most chinese company issue ADS shares? So what’s the difference?
- 基本面调查员ReplyLazybird:
  Rights are different

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