Monday, July 23, 2018

Tiger Brokerage now valued over $1 Billion

An online brokerage in China has become the newest Chinese unicorn. 

Tiger Brokers, backed by Jim Rogers, said its latest fundraising round had valued it over US $1 billion.  A unicorn is a privately held start-up company with a current valuation of US$1 billion or more.

The company successfully closed a US$80 million Series C financing, bringing the company’s valuation to US$1.06 billion, the Chinese fintech stock brokerage said in a press release. The latest round was a co-investment led by Prospect Avenue Capital (PAC), Orient Hontai Capital and Oceanpine Capital.

Jim Rogers is an amazingly smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.