What's Going On With Solowin Holdings Stock?

Solowin Holdings (NASDAQ:SWIN) shares are falling sharply Thursday following a spike of over 135% last week. Here's a look at what's going on. 

What To Know:

The company announced its expansion into the private wealth management business under its newly formed Hong Kong subsidiary, Solomon Private Wealth Limited

Solowin Holdings said it expects to serve a range of high-net-worth individuals, family offices, and trusts, by offering wealth management services and solutions in traditional and virtual asset classes. 

According to Benzinga Pro, the stock has a float of only 2 million shares. Solowin Holdings is a Cayman Islands-based holdings company which describes itself as an investor-focused, versatile securities brokerage company in Hong Kong.

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How To Buy SWIN Stock:

By now you're likely curious about how to participate in the market for Solowin Holdings (NASDAQ:SWIN) – be it to purchase shares, or even attempt to bet against the company.

In the the case of Solowin Holdings (NASDAQ:SWIN), which is trading at $10.29 as of publishing time, $100 would buy you 9.72 shares of stock.

SWIN Price Action: According to Benzinga Pro, Solowin Holdings shares are down 49.5% at $10.00 at the time of publication.

Image: Ahmad Ardity from Pixabay

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