UP Fintech's new stock subscription amount in a single quarter exceeds 200 billion yuan, with 1 in every 5 users keen on participating in new stock offerings

With the improvement of the macroeconomic environment and the successive listing of large new stocks, the Hong Kong IPO market has welcomed a strong recovery. Tiger International announced that its new stock business recorded explosive growth in the first quarter, with Tiger Securities (Hong Kong) achieving a single-quarter new stock subscription amount exceeding HKD 200 billion, a staggering increase of 6.67 times compared to the same period last year, setting a historical high since entering Hong Kong three years ago. Meanwhile, data from the platform shows that one in every five active Hong Kong customers is keen to participate in new stock subscriptions. Tiger International's cumulative new stock subscription amount reaches HKD 543.715 billion, a significant annual growth of 1.7 times In the first quarter of 2026, Tiger International's cumulative new stock subscription amount reached HKD 543.715 billion, a significant annual growth of 1.7 times. According to AIPO (Jieli Trading Treasure) data, Tiger International ranked third in the overall new stock margin amount in the first quarter. At the same time, local business also experienced an explosion, with Tiger Securities (Hong Kong) subscription amount exceeding HKD 200 billion in the first quarter, accounting for nearly half of the group's total subscription amount, a staggering increase of 6.67 times compared to the same period last year. This subscription scale placed Tiger Securities (Hong Kong) fourth in the entire Hong Kong market. One in five customers of Tiger Securities subscribes to new stocks, favoring the new economy sector Additionally, the company pointed out that data from Tiger Securities (Hong Kong) shows that new stock subscriptions have become the core engine driving growth in Hong Kong business. Currently, the penetration rate of new stock accounts at Tiger Securities (Hong Kong) is as high as 21.21%, meaning that one in every five active Hong Kong customers is keen to participate in new stock subscriptions. Furthermore, the customer acquisition penetration rate for new stock subscriptions has also recorded a high level of 28.11%, indicating that nearly 30% of new Hong Kong customers who opened accounts in the first quarter made their first transaction as a new stock subscription after depositing funds. In terms of industry preferences, Tiger Securities (Hong Kong) noted that investors are currently focusing on new economy sectors with long-term growth potential, including artificial intelligence (AI), semiconductors, and biotechnology. Among them, benefiting from breakthroughs and applications of global AI technology, the enthusiasm for new stock subscriptions related to these concepts was particularly high in the first quarter. Introducing more quality new stock hot projects Wang Shan, Chief Operating Officer of Tiger Securities (Hong Kong), stated that the Hong Kong new stock market performed brilliantly in the first quarter, and the company's ability to break through in fierce competition lies in its strong financial strength, excellent product experience, and execution efficiency. Looking ahead, Tiger Securities (Hong Kong) will continue to seize the development opportunities of the Hong Kong capital market, introduce more quality new stock hot projects, and continue to empower financial services through technological innovation, striving to become the preferred platform for all Hong Kong investors to participate in new stock subscriptions and global asset allocation