UP Fintech Holding Ltd’s (TIGR) stock price plunged by 8% on Tuesday morning following the announcement of a proposed follow-on public offering. The offering will see 15 million American depository shares (ADSs) issued, with the potential for an additional 2.25 million ADSs. The move aims to strengthen the company’s capital base and support business development. This news comes amidst a period of significant growth for TIGR, with shares surging over 80% in the past month. Investors are now left to assess the potential impact of the offering on the company’s future performance.