Credit: Shutterstock photoPPDAI Group, a Chinese peer-to-peer lending platform, filed on Friday with the SEC to raise up to $350 million in an initial public offering.
The Shanghai, China-based company was founded in 2007 and booked $381 million in sales for the 12 months ended June 30, 2017. It plans to list on the NYSE under the symbol PPDF. PPDAI Group filed confidentially on January 20, 2017. Credit Suisse and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Chinese lending platform PPDAI Group files for a $350 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.
