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News by FinTech Collective Archive

Chinese fintech company X Financial sets terms for $110m US IPO

Sean Lippel

September 14, 2018

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Sean Lippel

lending
ipo

China based P2P lending platform has set terms for its IPO underwritten by Morgan Stanley and Deutsche Bank which values the company at $1.6b.

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X Financial was founded in 2014 and booked $442 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol XYF. Deutsche Bank and Morgan Stanley are the joint bookrunners on the deal. No pricing terms were disclosed.

https://m.nasdaq.com/article/chinese-fintech-company-x-financial-sets-terms-for-110-million-us-ipo-cm1021884

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