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Tencent-Backed Futu Announces Proposed Dual Primary Listing in Hong Kong

Tencent Holdings Ltd.-backed Futu Holdings Ltd. will start trading in Hong Kong next week to reach a wider investor base and mitigate risks of delisting in the US. 

Futu’s Class A shares are expected to trade from Dec. 30, according to a statement Thursday. The financial technology firm, which runs a platform similar to Robinhood Markets Inc., has been listed on the Nasdaq for more than three years.

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