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Stock impact report

Robinhood to Launch in Asia in 2025 With Singapore HQ [Yahoo! Finance Canada]

Futu Holdings Limited - American Depositary Shares (FUTU) 
NASDAQ:AMEX Investor Relations: futurehealthcareofamerica.com/investors
Most Read from Bloomberg “We plan to be serving customers across Asia soon,” Tenev said Wednesday at the firm's investor day in New York. The expansion comes on the heels of the Menlo Park, California-based company entering the UK this year, offering some though not all of its trademark services to those customers. In the past year, Robinhood has been seeking to expand in international markets, as the financial technology giant hunts for growth beyond its home market where trading activity has waned following a pandemic-induced boom. Looking ahead, Robinhood “has approval to expand its product offering in the UK and announced plans to open an APAC office in Singapore and acquire brokerage licenses in the region,” Citigroup Inc. analyst Christopher Allen wrote in a note. Robinhood's foray into Asia comes at a time when competitors like China's Tiger Brokers and Futu Holdings Ltd. are expanding internationally, as they continue to shift away from their home market after a reg Show less Read more
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