Happy New Year everyone. Here is my annual predictions post where I review my previous years predictions and make some...
Company is offering 7.7 million shares at $12 - $14 per share and may raise up to $124 million; Elevate will be listed on the New York Stock Exchange with ticker ELVT; UBS is leading the IPO with participation from Credit Suisse and Jefferies; according to Elevate CEO Ken Rees: "When we began our IPO process over a year ago, we told you we would grow revenue and profits throughout 2016, while continuing to provide the most responsible credit products in our space. In fact, we improved the company in almost every way." Source
Two weeks ago I wrote about China Rapid Finance and their plans to go public. I shared information about their...
China-based Qudian said on Monday it has filed with the SEC to raise up to $750 million in an initial public offering, planning to to list on the NYSE under the symbol QD; Qudian plans to use net proceeds for strategic acquisitions and marketing and borrower engagement; Qulian provides small loans and installment-based financing for e-commerce in China. Source
ZhongAn Insurance jumped 18 percent on debut after the biggest ever IPO by a fintech firm in Asia; ZhongAn CEO Jeffrey Chen says, the rarity of technology listings in Hong Kong gave ZhongAn’s IPO an extra appeal for investors looking to diversify their holdings; both Ant Financial and Lufax are considering IPOs in Hong Kong, according to sources. Source
Happy New Year everyone. As I do every year at this time I make a few predictions for the year...
In late March, 2017 we learned that Chinese online lender China Rapid Finance filed to go public, hoping to raise...
SoftBank Vision Fund is considering a $500 million investment in the Hong Kong IPO of ZhongAn Insurance, Thomson Reuters’ publication IFR cited people close to the deal; the fund is likely to be a cornerstone investor in ZhongAn’s up to $1.5 billion IPO, which is expected to launch as early as Sept. 18; SoftBank and ZhongAn declined to comment when contacted by Reuters. Source
ZhongAn Insurance, China’s first internet-only insurer, raised $1.5 billion in its IPO; ZhongAn priced its 199.3 million new shares at HK$59.70 ($7.65) each, the top of a HK$53.70-HK$59.70 range; the IPO is the world’s first “insurtech” public offering. Source
The leading Chinese online insurance company, ZhongAn Online Property & Casualty Insurance Co, started trading on the Hong Kong stock...