UP Fintech Holding Ltd ( TIGR ) shares are trading lower by 8% to $6.84 Tuesday morning. The company announced a proposed follow-on public offering of 15 million American depository shares.

UP Fintech ( TIGR ) says the underwriters have the option to purchase an additional 2.25 million ADSs within 20 days of the prospectus supplement.

The proceeds from the offering will be used to strengthen the company’s capital base and support business development. Deutsche Bank, China International Capital Corporation and US Tiger Securities are acting as joint bookrunners for the offering.

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Should I Sell My TIGR Stock?

When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.

Shares of UP Fintech Holding ( TIGR ) have increased by 43.98% in the past year. An investor who bought shares of UP Fintech Holding ( TIGR ) at the beginning of the year would make a profit of $2.74 per share if they sold it today. The stock has risen 81.21% over the past month, meaning an investor who bought shares on Sep. 1 would see a capital gain of $3.22.

UP Fintech Holding ( TIGR ) shares have an all-time high of $12.39, representing 80.41% upside from current levels.

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According to data from Benzinga Pro, TIGR has a 52-week high of $14.46 and a 52-week low of $3.10.