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Chinese loan marketplace Yirendai prices IPO at $10, within the range

Yirendai, a Chinese marketplace for peer-to-peer loans spun out of CreditEase, raised $75 million by offering 7.5 million shares at $10, the midpoint of the $9-$11 range. Yirendai plans to list on the NYSE under the symbol YRD. Morgan Stanley, Credit Suisse and China Renaissance acted as lead managers on the deal.

The article Chinese loan marketplace Yirendai prices IPO at $10, within the range 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.


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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