Lion's OTC Options Services Grows Significantly, Unlocking New Territory for Its Brokerage Business
Lion Group Holding Ltd. - American Depositary Share (LGHL)
Company Research
Source: PR Newswire
HONG KONG, Jan. 29, 2024 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "the Company") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services, announced today that the Company's newly launched and rising Over-The-Counter ("OTC") stock options business has grown significantly in scale, setting a foundation to become a leader in Hong Kong's OTC options industry.Lion is committed to providing high-quality and innovative financial products and services. In the fourth quarter of 2023, the Company's OTC options business revenue reached US$8 million (unaudited), a significant increase in both nominal principle and transaction volume, with the effect of significant accretion. Under sensitivity analysis, the Company's OTC options business revenue is expected to reach between US$45 and US$60 million in 2024. In terms of business model, the Company has adopted an advanced electronic trading platform to ensure the transparency and effi
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LGHL
News
- Lion Group Holding Full Year 2023 Earnings: US$5.94 loss per share (vs US$34.97 loss in FY 2022) [Yahoo! Finance]Yahoo! Finance
- LION E-Mobility AG Confirms Full Year 2024 Guidance After Weak Q1 With Seasonal Effects [Yahoo! Finance]Yahoo! Finance
- Lion Announces Unaudited Full Year 2023 Financial ResultsPR Newswire
- Lion Group Holding Announced the Launch of Multi-Currency Account Services Powered by AIPR Newswire
- Lion Group Holding Announced the Launch of Multi-Currency Account Services Powered by AIPR Newswire
LGHL
Sec Filings
- 4/30/24 - Form 20-F
- 4/19/24 - Form 6-K
- 4/15/24 - Form 6-K
- LGHL's page on the SEC website