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Consumer Capital Group, a Chinese micro-lending and advisory firm, files for a $40 million US IPO

Consumer Capital Group, which provides micro-lending and financial advisory services to Chinese SMEs, filed on Tuesday with the SEC to raise up to $40 million in an initial public offering.

The Flushing, NY-based company was founded in 2010 and booked $9 million in revenue for the 12 months ended September 30, 2016. It plans to list on the Nasdaq under the symbol CCGN. Boustead Securities and Network 1 Financial Securities are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Consumer Capital Group, a Chinese micro-lending and advisory firm, files for a $40 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, 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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