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
Two weeks ago I wrote about China Rapid Finance and their plans to go public. I shared information about their...
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
Happy New Year everyone. Here is my annual predictions post where I review my previous years predictions and make some...
Today marks the one year anniversary of Lending Club’s IPO. It was on December 11, 2014 that Lending Club went...
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
In late March, 2017 we learned that Chinese online lender China Rapid Finance filed to go public, hoping to raise...
Happy New Year everyone. As I do every year at this time I make a few predictions for the year...
Last Friday Peter and I had the honor of joining the CreditEase team on the NYSE floor to ring the...
BFS Capital, formerly Business Financial Services, is a small business lender that has been around since 2002. They recently filed...