Jianpu listed on the NYSE on November 16th under code JT; it is the fourth fintech company to IPO in the US in the second half of 2017; others included Quidian, Hexindai and PPDAI; Jianpu is a subsidiary of Rong360 and has an active user base of 95.8 million; the platform has provided 170,000 financial products in more than 350 cities. Source
[Editor’s Note: This is a guest post by Brian Korn. He is the Co-Head of the Crowdfunding and Peer-to-Peer Lending...
The leading Chinese online insurance company, ZhongAn Online Property & Casualty Insurance Co, started trading on the Hong Kong stock...
ZhongAn Insurance started trading on the Hong Kong stock exchange on Thursday; the story shares how popular ZhongAn’s IPO was, why ZhongAn is so successful, what the market’s different perspectives are and what’s the broader context of China’s fintech boom. Source
The lending space has come a long way since the original online lending pioneers came on the scene 15 years...
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
Nubank and Banco Inter are moving away from the local stock exchange, while other Brazilian fintechs skip the market altogether.
When I first started writing about this industry in 2010 I did it because I loved the concept and believed...
GreenSky, the point of sale lender went public today, raising $874 million; the company is profitable, has high margins and...
Speaking in Davos at the World Economic Forum, the CEO of Ripple, Brad Garlinghouse, shared that an IPO would be...