Happy New Year everyone. Here is my annual predictions post where I review my previous years predictions and make some...
Ant Group, formerly known as Ant Financial, the creator of Alipay, has said that it is planning to do dual...
GreenSky’s IPO could price as soon as Wednesday and may pave the way for other fintech IPOs going forward; the...
There has been a lull in US based fintech IPOs over the past several years. Both LendingClub and OnDeck went...
There had previously been reports that Starling Bank could IPO as soon as 2022, but with the current environment it...
Hexindai, a Chinese fintech company listed on the Nasdaq last Friday; according to the article Chinese firms are getting pressure from investors who want to cash out; tightening regulations are also a factor; Qudian, another firm went public last month and Rong360 may be the next Chinese fintech company to go public; Oliver Wyman reports that the market size for consumer lending will expand to $620 billion by 2020 with a compound annual growth rate of 49%. Source
Karen Webster of PYMNTS talks with Afterpay CEO Nick Molnar about going public early on in the company’s journey; The...
Dianrong is a Chinese online lender run by one of the co-founders of Lending Club, Soul Htite; the company is planning an IPO in Hong Kong and could raise $500 million next year. Source
Lufax has reportedly hired five banks to work on a Hong Kong IPO which could raise as much as $5 billion; SoftBank’s vision fund is also in talks to invest in the company according to sources; Lufax is the 10th largest unicorn and has delayed IPO plans over the past few years. Source
Shares closed Friday at $1.32, above the $1.21 offer price; the company raised a total of $67 million and is now valued at $306.6 million; the IPO was Australia’s biggest tech IPO of the year. Source