Credit: Shutterstock photoLexinFintech Holdings, an online consumer lending platform in China, raised $108 million by offering 12 million ADSs at $9, the low end of the range of $9 to $11. Insiders indicated an interest in buying up to $28 million (23% of deal size) on the IPO. LexinFintech Holdings plans to list on the Nasdaq under the symbol LX. Goldman Sachs (Asia), BofA Merrill Lynch, Deutsche Bank and China Renaissance acted as lead managers on the deal.
The article Lexin prices IPO at $9, the low end of the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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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.
