Posts Tagged ‘IPO’

CITIC-backed Chinese credit card repayment firm Samoyed files for $80m US IPO

Samoyed Holding Limited, a Chinese financial technology service company that focuses on China’s credit card repayment market, is looking to raise $80 million in an initial public offering in the US to further grow its market share. The $80-million figure is likely a mere placeholder to calculate the fee for its filing, which is heavily […]

UK FinTech firm Funding Circle debuts on London Stock Exchange

Peer-to-peer lending platform Funding Circle opened for trading on the London Stock Exchange today, raising £300m in primary proceeds, with a valuation of £1.5bn. Founded in the UK, Funding Circle has facilitated more than £5bn in loans to over 50,000 SMEs from 80,000 investors in the UK, US, Germany and the Netherlands. The company is trading […]

Funding Circle cuts price range for London IPO

Funding Circle, the peer-to-peer lending platform that connects small businesses seeking credit with private and institutional investors willing to lend to riskier borrowers for potentially higher returns, has cut the maximum valuation it is seeking in its upcoming stock market flotation, which is viewed as a test for UK investors’ appetite to back alternative lending […]

Chinese fintech company X Financial makes NYSE debut

X Financial, a Chinese tech-driven personal finance company, rang the NYSE opening bell on Wednesday in celebration of its IPO. The company, trading under the ticker symbol of “XYF”, announced its IPO of 11,000,000 American depositary shares (ADSs), each representing two Class A ordinary shares, at a price to the public of $9.5 per ADS for […]

Robinhood, the Zero-Fee Stock and Crypto Trading App, Is Planning to Go Public

Robinhood—the fintech startup that offers stock, option, and cryptocurrency trades with zero fees—is taking steps to go public, starting with the hiring of a chief financial officer. Robinhood co-founder Baiju Bhatt confirmed the company’s plans for an IPO and CFO hire. Read more

Chinese P2P lender X Financial files for $250m US IPO

X Financial, a fintech company which operates a peer-to-peer lending platform in China, has filed for an initial public offering with the US SEC to raise $250 million. The company plans to list on the NYSE under the symbol XYF. Read more

Global Unicorn Exits Hit Multi-Year High In 2018

The grand tally of 2018 exits provides a clear counterpoint to skeptics, who questioned whether fast-growing unicorn populations and valuations would hold up with acquirers and public market investors. It appears prices are keeping up nicely. The vast majority of U.S. unicorn exits this year, for instance, were close to or above private market valuations. […]

SINA-backed Chinese fintech startup PINTEC files for $70m US IPO

Pintec Technology Holdings Ltd (PINTEC), a Chinese financial services technology platform, is looking to raise up to $70 million in anIPO on Nasdaq, according to an SEC filing. PINTEC offers solutions for point-of-sale financing, personal and business instalment loans, wealth management, and insurance. Read more

Adyen’s IPO starts strong as stock soars 70%, valuing Dutch fintech company at $14 billion

Netherlands-based Adyen’s IPO got an enthusiastic reception from investors, as its stock surged 70 percent on the first day of trading. The company had priced its stock at €240 ($281) per share on Tuesday, giving the company a valuation of $8.4 billion. When trading began on Euronext Amsterdam on Wednesday, the price rose to €400 […]

Adyen aims for a $1B IPO, valuing the payments startup at up to $8.3B when it lists on June 13

Netherlands-based payments startup Adyen, which competes against the likes of PayPal and Stripe to power payment services both to online and physical retailers, has published more details on its intention to go public. The company will be raising between €922 million and €947 million (approximately $1 billion and $1.1 billion) June 5-12, before it opens for […]