IPOs

Chinese debt collector YX Asset Recovery postpones $81 million US IPO

YX Asset Recovery, which provides delinquent consumer debt collection services in China, postponed its IPO on Thursday. It had filed to raise $81 million by offering 9.3 million ADSs at a price range of $7.75 to $9.75.

The Changsha, China-based company was founded in 2015 and booked $139 million in revenue for the 12 months ended June 30, 2019. It had planned to list on the NYSE under the symbol YXR. Deutsche Bank, CMB International Capital, Raymond James, AMTD Global Markets, and SunTrust Robinson Humphrey were set to be the joint bookrunners on the deal.

The article Chinese debt collector YX Asset Recovery postpones $81 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.

Renaissance Capital

Renaissance Capital is the global leader in providing pre-IPO institutional research and management of IPO-focused investment products.

Learn More