Posts Tagged ‘IPO’

Chinese digital platform 360 Finance seeks to raise $200m in US IPO

360 Finance is raising up to $200 million in an IPO in the US to finance its brand promotions and marketing efforts, according to its SEC filing. The figure, however, is likely a mere placeholder to calculate the fee for its filing, which is heavily redacted, as has been the practice of most Chinese firms seeking […]

Bancorp-led blank check company FinTech Acquisition III files for $275 million IPO

FinTech Acquisition III, a blank check company formed by management of The Bancorp to acquire a financial technology business, filed for its IPO on Tuesday. The Philadelphia, PA-based company plans to raise $275 million by offering 27.5 million units at $10. Read more

Brazil’s fintech startup StoneCo attracts Buffett and Jack Ma

Chinese fintech giant Ant Financial, an affiliate of Alibaba Group controlled by billionaire Jack Ma, has agreed to invest in Brazilian payments firm StoneCo’s IPO, shortly after rival Tencent announced its investment in Brazilian fintech startup Nubank. Ant Financial has committed to invest US$100 million in the company’s share offering on the Nasdaq. StoneCo’s 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. […]