Lending platform “X Financial” raises $105 M in debut
China-based peer-to-peer lending platform X Financial priced its IPO at $9.50 per share, on the lower end of the firm’s $9 to $11 per-share price range. The New York Stock Exchange offering raised an estimated $104.5 million.
Founded in 2014, the company is mainly focused on serving China’s undeserved prime borrowers and mass affluent investors. It provides personal financial services based on mobile internet and big data in China.