Credit Services & Lending IPOs » By The Online Investor Staff, updated Mon., Oct. 14, 10:13 AMRecent initial public offerings in the Credit Services & Lending IPOs category.
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Slide #1. Yirendai Ltd. — Initial Public Offering
Company:
Yirendai Ltd.
Proposed Symbol:
YRD
Shares Offered:
7,500,000
Price Per Share:
$10.00
Over-Allotment:
1,125,000
Description:
Yirendai Ltd. (NYSE: YRD) ("Yirendai" or the "Company"), a leading online consumer finance marketplace in China, today announced that it has priced its initial public offering of 7,500,000 American depositary shares ("ADSs") at US$10.0 per ADS for a total offering size of US$75.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents two ordinary shares of the Company. The ADSs will begin trading on the New York Stock Exchange ("NYSE") today under the ticker symbol "YRD." The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,125,000 additional ADSs.
