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Senmiao Technology Priced, Nasdaq: AIHS

Early-stage Chinese marketplace for peer-to-peer lending.

Industry: Technology

Latest Trade: $1.48 -0.17 (-10.3%)

First Day Return: +41.3%

Return from IPO: -58.8%

Industry: Technology

We operate an online lending platform in China connecting Chinese investors with individual and SME borrowers. Through our platform, we offer quick and easy access to credit to borrowers and attractive investment returns for investors. We acquired our lending platform (including website, ICP registration, operating systems, servers, and management system), relevant employees and registered users of the platform in September 2016 from Sichuan, China-based Chenghexin (launched in May 2014). Since the Acquisition through September 30, 2017, we have facilitated direct loans and assignment of loans with an aggregate of principal of over RMB274 million ($41 million). As of September 30, 2017, we had an aggregate of 21,689 registered users and a total of 3,347 investors, 290 borrowers and two creditor partners had participated in loan transactions through our platform. Through our interaction with registered users of our platform, these users may participate in loan transactions facilitated or assigned on our platform as borrowers or investors.
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IPO News for Senmiao Technology
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IPO Data
IPO File Date 10/30/2017
Offer Price $4.00
Price Range $4.00 - $4.50
Offer Shares (mm) 3.0
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/15/2018
Offer Price $4.00
Price Range $4.00 - $4.50
Offer Shares (mm) 3.0
Deal Size ($mm) $12
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Chengdu, China
Founded 2014
Employees 30
Website www.ihongsen.com