Asian Tech Press (Oct 5) -- Online broker Futu Holdings Ltd (FUTU:NASDAQ GM) plans to file for a Hong Kong listing this week or next, Reuters' IFR reported on Tuesday, citing sources.

The U.S.-listed brokerage plans to raise $1 billion in a secondary listing in Hong Kong.

Goldman Sachs and UBS Group AG are handling the listing, according to the report, citing people familiar with the matter.

Futu did not respond to IFR.

The company was incorporated in Hong Kong in April 2012 to provide clients with account opening and trading services for Hong Kong and U.S. stocks.

According to its 2020 annual report, as of Feb. 28, 2021, Chinese tech giant Tencent Holdings Ltd (700:Hong Kong) held a 22.8% stake in Futu, making it the second-largest shareholder. And Leaf Hua Li, the founder and CEO of Futu, holds 37.2% as the largest shareholder.