China’s Tiger Brokers, an online broker startup that helps connect mainland Chinese investors with overseas stock markets such as Hong Kong and the U.S., is reportedly looking at a U.S. IPO to raise up to US$200 million.
Founded in 2014, the company has raised a total of US$138.6 million in four funding rounds, per Cunrchbase stats. Its latest round was an $80 million Series C invested by Orient Hontai, CreditEase Fintech Investment Fund, Oceanpine Capital and Prospect Avenue Capital at an over $1 billion valuation.
Tiger Brokers’ main product is its proprietary trading app Tiger Trade, available on major desktop and mobile OS, including Android, iOS, Windows and MacOS.
In June, the company announced that its trading platforms have surpassed RMB1000 billion (more than US$143.6 billion) in trading volume over a span of 33 months since its launch.
Editor: Ben Jiang