Chinese consumer lender Hexindai files for a $80 million US IPO

Hexindai, a Chinese provider of middle class consumer lending, filed on Friday with the SEC to raise up to $80 million in an initial public offering.

The Beijing, China-based company was founded in 2014 and booked $34 million in sales for the 12 months ended June 30, 2017. It plans to list under the symbol HX. Hexindai filed confidentially on April 7, 2017. Network 1 Financial Securities is the sole bookrunner on the deal. No pricing terms were disclosed.

The article Chinese consumer lender Hexindai files for a $80 million US IPO originally appeared on IPO investment manager Renaissance Capital’s web site

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital’s research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.

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