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.

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

Investment Disclosure: Renaissance IPO ETF (symbol: IPO) Renaissance International ETF (symbol: IPOS)

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