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Chinese peer-to-peer lender Golden Bull decreases proposed US IPO deal size to $7 million


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Golden Bull, which provides a peer-to-peer lending platform in China for auto-secured loans, lowered the proposed deal size for its upcoming IPO on Friday.

The Shanghai, China-based company now plans to raise $7 million by offering 1.6 million shares at a price range of $4.00 to $4.50. The company had previously filed to offer 2 million shares at the same range. At the midpoint of the revised range, Golden Bull will raise -23% less in proceeds than previously anticipated.

Golden Bull was founded in 2015 and booked $5 million in sales for the 12 months ended June 30, 2017. It plans to list on the Nasdaq under the symbol DNJR. ViewTrade is the sole bookrunner on the deal.

The article Chinese peer-to-peer lender Golden Bull decreases proposed US IPO deal size to $7 million originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: News Headlines , IPOs



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