IPOs

Chinese debt collector YX Asset Recovery files for a $200 million US IPO

YX Asset Recovery, which provides delinquent consumer debt collection services in China, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.

The Changsha, China-based company was founded in 2015 and booked $138 million in revenue for the 12 months ended June 30, 2019. It plans to list on the NYSE and has not chosen a ticker yet. YX Asset Recovery filed confidentially on October 11, 2018. Deutsche Bank, CMB International Capital, Raymond James, AMTD Global Markets, and SunTrust Robinson Humphrey are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Chinese debt collector YX Asset Recovery files for a $200 million US IPO 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's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts 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.

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