Tencent reportedly owns more than 30% of online brokerage Futu Securities, which has confidentially filed to go public, targeting a $2.5bn valuation.

China-based online brokerage Futu Securities has confidentially filed for an initial public offering in the US that would enable internet group Tencent to exit, Reuters reported on Tuesday. The company intends to publicly file in the coming weeks and aims to go public in New York in early 2019, people with knowledge of the matter…

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