China Rapid Finance Priced, NYSE: XRF

Operates an online marketplace in China for small peer-to-peer loans.

Industry: Financials

Latest Trade: $6.40 0.00 (0.0%)

First Day Return: +6.7%

Return from IPO: +6.7%

Industry: Financials

We operate one of China’s largest consumer lending marketplaces in terms of total number of loans, having facilitated more than 10.7 million loans to more than 1.4 million borrowers at significantly lower borrowing costs than many of our competitors. We believe that higher quality borrowers are price-sensitive and correlated to lower borrowing costs. Our technology-driven marketplace facilitates loans between borrowers and sophisticated investors, providing borrowers accessible, affordable credit and offering investors attractive risk-adjusted returns. According to the People’s Bank of China, or the PBOC, as of the end of 2015, there were approximately 500 million individuals with quality employment records but no credit history. We refer to these individuals, who regularly use mobile devices, as EMMAs (Emerging Middle-class, Mobile Active consumers). We believe EMMAs constitute one of the largest untapped consumer credit market opportunities in the world.
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IPO News for China Rapid Finance
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IPO Data
IPO File Date 03/31/2017
Offer Price $6.00
Price Range $6.00 - $7.00
Offer Shares (mm) 10.0
Deal Size ($mm) $60
IPO Data
IPO Date 04/28/2017
Offer Price $6.00
Price Range $6.00 - $7.00
Offer Shares (mm) 10.0
Deal Size ($mm) $60
Underwriters
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Company Data
Headquarters Shanghai, China
Founded 2001
Employees 3,119
Website www.chinarapidfinance.com