Yirendai Priced, NYSE: YRD

Chinese marketplace for peer-to-peer loans spun out of CreditEase.

Industry: Technology

Latest Trade: $40.01 0.00 (0.0%)

First Day Return: -9.0%

Return from IPO: +300.1%

Industry: Technology

We are a leading online consumer finance marketplace in China connecting investors and individual borrowers, according to iResearch. We facilitated over RMB8,748.3 million (US$1,376.4 million) in loans from our inception in March 2012 through September 30, 2015. Our online platform automates key aspects of our operations and enables us to efficiently match borrowers with investors and facilitate and execute loan transactions. Our borrowers and investors come from a variety of channels, including online sources, such as through the internet and our mobile applications, as well as offline sources, such as referrals from CreditEase’s on-the-ground sales network. We currently target prime borrowers, comprising credit card holders with stable credit performance and salary income. We strategically focus on prime borrowers as we believe members of this group tend to be more creditworthy and more receptive to internet finance solutions. Our online marketplace offers qualified borrowers quick and convenient access to credit at competitive prices.
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IPO News for Yirendai
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IPO Data
IPO File Date 11/16/2015
Offer Price $10.00
Price Range $9.00 - $11.00
Offer Shares (mm) 7.5
Deal Size ($mm) $75
IPO Data
IPO Date 12/17/2015
Offer Price $10.00
Price Range $9.00 - $11.00
Offer Shares (mm) 7.5
Deal Size ($mm) $75
Underwriters
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Company Data
Headquarters Beijing, China
Founded 2012
Employees 463
Website www.yirendai.com