Senmiao Technology, an early-stage Chinese marketplace for peer-to-peer lending, raised $12 million by offering 3.0 million shares at $4.00, the low end of the range of $4.00 to $4.50.
At $4.00, the company commands an IPO market cap of $102 million and an enterprise value of $90 million. During the LTM period, it booked $0.2 million in revenue and a net loss of $0.7 million.
Senmiao Technology plans to list on the Nasdaq under the symbol AIHS. ViewTrade acted as a lead manager on the deal.
