Jupai Holdings Priced, NYSE: JP

Chinese provider of wealth management services and products.

Industry: Financials

Latest Trade: $9.00 0.00 (0.0%)

First Day Return: +10.8%

Return from IPO: -10.0%

Industry: Financials

We are a leading third-party wealth management service provider focusing on distributing wealth management products and providing product advisory services to high-net-worth individuals in China. We provide our wealth management product advisory services mainly to China's high-net-worth individuals who have investable assets in excess of RMB3.0 million (US$0.5 million). In 2012, 2013, 2014 and the three months ended March 31, 2015, the aggregate value of wealth management products we distributed to our clients reached RMB2.7 billion (US$442.4 million), RMB7.5 billion (US$1.2 billion), RMB13.2 billion (US$2.1 billion) and RMB4.6 billion (US$0.7 billion), respectively. Our established wealth management product advisory services operation is complemented by our asset management capabilities. The amount of assets under our sole or shared management reached RMB2.8 billion (US$0.4 billion) as of March 31, 2015 and we expect such amount to grow significantly upon the completion of our acquisition of Scepter Pacific, the holding company of E-House Capital, which has assets under management of over RMB2.5 billion (US$0.4 billion) as of March 31, 2015.
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IPO News for Jupai Holdings
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IPO Data
IPO File Date 06/15/2015
Offer Price $10.00
Price Range $10.00 - $12.00
Offer Shares (mm) 5.3
Deal Size ($mm) $53
IPO Data
IPO Date 07/15/2015
Offer Price $10.00
Price Range $10.00 - $12.00
Offer Shares (mm) 5.3
Deal Size ($mm) $53
Underwriters
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Company Data
Headquarters Shanghai, China
Founded 2010
Employees 852
Website www.jpinvestment.cn