China Rapid Finance, a chinese exchange for peer-to-peer microlending, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The Shanghai, China-based company was founded in 2001 and booked $56 million in revenue for the 12 months ended December 31, 2016. It plans to list on the NYSE under the symbol XRF. Morgan Stanley, Credit Suisse and Jefferies are the joint bookrunners on the deal. No pricing terms were disclosed.
