Tencent invested $8m as the Chinese online brokerage floated at the top of its range in the US, at a valuation of more than $1.3bn.

China-based online brokerage Futu Holdings went public on Friday in a $90m initial public offering that involved internet group and existing backer Tencent buying $8m of shares through subsidiary Tencent Mobility. The company priced 7.5 million American depositary shares at $12 each, at the top of the IPO’s $10 to $12 range, valuing the company…

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