富途控股美股招股说明书(2022-12-22版)

424B31tm2231949-3_424b3.htm424B3 TABLEOFCONTENTS PROSPECTUSSUPPLEMENT (toProspectusDatedAugust17,2020) FiledPursuanttoRule424(b)(3) RegistrationNo.333-248076 FutuHoldingsLimited ClassAOrdinaryShares LeraUltimateLimitedislendingtothedesignateddealers50,000,000ofourClassAordinaryshares,parvalueUS$0.00001pershare,orapproximately5.72%ofourtotalClassAordinarysharesissuedandoutstandingimmediatelyuponlisting(asdefinedbelow)(withouttakingintoaccounttheClassAordinarysharestobeissuedpursuanttotheshareincentiveplans),tofacilitatetheproposedlistingofourClassAordinarysharesontheMainBoardofTheStockExchangeofHongKongLimited,ortheHongKongStockExchange,bywayofintroduction,ortheListing.OurClassAordinaryshareswillbetradedontheHongKongStockExchangeunderthestockcode“3588.” TheClassAordinarysharesbeinglentherebywillbeusedbythedesignateddealerstocreateadditionalliquidityofourClassAordinarysharesontheHongKongStockExchangethroughsalesatmarketpricesduringaone-monthperiodfromandincludingthelistingdateofourClassAordinarysharesontheHongKongStockExchange,whichisexpectedtobeonoraboutDecember30,2022,ortheListingDate.See“DescriptionofLiquidityArrangements.”TheClassAordinarysharesarebeingregisteredherebyinconnectionwiththesaleofsuchsharestotheextentthattheyaresoldtoU.S.persons,asdefinedunderRegulationS,orfortheaccountorbenefitofU.S.persons. NeitherwenorLeraUltimateLimitedwillreceiveanyproceedsfromthelendingoftheClassAordinarysharesbeingregisteredhereby,whichwillbesoldatprevailingmarketpricesatthetimeofsaleinliquiditytradesontheHongKongStockExchangeduringtheliquidityperiodwithdeliveryexpectedtooccurfromtimetotimeinaccordancewiththerulesoftheHongKongStockExchange. TheADSs,representingourClassAordinaryshares,arelistedontheNasdaqGlobalMarket,orNasdaq,underthesymbol“FUTU.”EachADSrepresentseightClassAordinaryshares.OnDecember21,2022,thelastreportedsalepriceoftheADSsonNasdaqwasUS$62.03perADS. InvestingintheADSsandourClassAordinarysharesinvolvesrisks.See“RiskFactors”beginningonpageS-26ofthisprospectussupplementandinanydocumentsincorporatedbyreferenceintothisprospectussupplementforadiscussionofcertainrisksthatshouldbeconsideredinconnectionwithaninvestmentinourClassAordinaryshares. FutuHoldingsLimited,orFutuHoldings,isnotanoperatingcompanybutaCaymanIslandsholdingcompanyconductingasignificantportionofoperationsthroughitswholly-ownedsubsidiaries,includinginHongKong,Singapore,theUnitedStatesandAustralia.BecauseFutuHoldingsisanexemptedcompanyincorporatedintheCaymanIslands,itisclassifiedasaforeignenterprise,anditswholly-ownedPRCsubsidiariesareforeign-investedenterprisesunderPRClawsandregulation,andnoneofthemisgenerallyallowedtoownmorethan50%oftheequityinterestsinPRCcompaniesthatarevalue-addedtelecommunicationserviceproviders. Inordertoprovidecertainvalue-addedtelecommunicationservicesinChinawhileensuringcompliancewithPRClawsandregulations,ShensiNetworkTechnology(Beijing)Co.,Ltd.,oneofthewholly-ownedsubsidiariesofFutuHoldingsincorporatedinthePRC,ortheWFOE,hasenteredintoaseriesofcontractualarrangementswiththeShenzhenFutuNetworkTechnologyCo.,Ltd.andHainanFutuInformationServicesCo.,Ltd.,each,acompanyincorporatedinthePRC,orcollectively,theVIEs,andtheirshareholders.ThecontractualagreementsaredesignedtoprovideFutuHoldingseconomicexposuretoeachVIE’svalue-addedtelecommunicationservicesinChinawherePRClawprohibits,restrictsorimposeconditionsondirectequityinvestmentintheVIEs.Asusedinthisprospectussupplement,“Futu,”“we,”“us,”“ourcompany,”or“our”refer toFutuHoldingsanditssubsidiariesand,inthecontextofdescribingouroperationsandconsolidatedfinancialinformation,alsoincludetheVIEsandtheirsubsidiaries,unlessthecontextotherwiserequires. AsaresultofthecontractualagreementswiththeVIEs,FutuHoldingsbecomestheprimarybeneficiaryoftheVIEsforaccountingpurposesandtreatitasaPRCconsolidatedentityunderU.S.GAAP.Neitherwenorourinvestorsownanyequityownershipin,directforeigninvestmentin,orcontroloftheVIEsasaresultoftheWFOE’scontractualagreementswiththeVIEsandtheirshareholders.Asaresult,holdersoftheADSsarenotpurchasingequityinterestintheVIEsortheirsubsidiariesbutinsteadarepurchasingequityinterestinFutuHoldings,aCaymanIslandsholdingcompanywhoseconsolidatedfinancialresultsincludethoseoftheVIEsandtheirsubsidiariesunderU.S.GAAP. OurcorporatestructureinvolvesuniqueriskstoholdersoftheADSs.Historically,theoperationsoftheVIEsandtheirsubsidiariesconstitutedanimmaterialportionofourconsolidatedtotalrevenuesandtotalassets.In2019,2020and2021,wegenerated0.2%,0.3%and0.3%ofourtotalrevenuesthroughtheVIEsinChina,respectively,whoseassetsaccountedfor0.1%,0.1%and0.1%ofourtotalassetsduringthesameyears,respectively.However,werelyoncontractualarrangementswiththeVIEsandtheirshareholdersforalimitedpartofourbusinessoperationsinChina,andthesecontractualarrangementsmaynotbeaseffectiveasdirectownershipinprovidinguswithcontrolovertheVIEs.WerelyontheperformancebytheVIEsandtheirshareholdersoftheirobligationsunderthecontractstoexercisecontrolovertheVIEs.TheshareholdersoftheVIEsmaynotactinthebestinterestsofusormaynotperformt