Credit: Shutterstock photoQudian, which provides small loans and installment-based financing for e-commerce in China, filed on Monday with the SEC to raise up to $750 million in an initial public offering.
The Beijing, China-based company was founded in 2014 and booked $442 million in revenue for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol QD. Qudian filed confidentially on February 24, 2017. Morgan Stanley, Credit Suisse, Citi, CICC and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.
The article The financing that fuels China's consumption: Qudian files for a $750 million US IPO 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.
