Hui Ying Financial Holdings, which operates an online peer-to-peer lending platform in China, withdrew its plans for an initial public offering on Friday. In May 2018, it had filed to raise $32 million by offering 5.6 million shares at a price of $5.85. The company's shares are currently listed on the OTCQB under the symbol SFHD.
The Shanghai, China-based company was founded in 2014 and booked $58 million in revenue for the 12 months ended March 31, 2018. It had planned to list on the Nasdaq under the symbol HYJF. The Benchmark Company was set to be the sole bookrunner on the deal.
