Tencent owns a 38% stake in the online brokerage, which has filed to go public in the US with a smaller target than previously reported.

China-based digital brokerage operator Futu has filed to raise up to $300m in an initial public offering on the Nasdaq Global Market that would enable internet group Tencent to exit. Futu runs an online brokerage platform equipped with market news and data as well as analytics tools, and brokered almost $87bn in trades for its…

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