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PPDAI Group Priced, NYSE: PPDF

Leading Chinese peer-to-peer online lending platform.

Industry: Technology

Latest Trade: $2.70 +0.36 (+15.4%)

First Day Return: +0.6%

Return from IPO: -82.0%

Industry: Technology

We are a leading online consumer finance marketplace in China with strong brand recognition. We were ranked No.1 among China's online consumer finance marketplaces in terms of number of borrowers as of December 31, 2016 and June 30, 2017, according to iResearch. Launched in 2007, we are the first online consumer finance marketplace in China connecting borrowers and investors, whose needs are unserved or underserved by traditional financial institutions, according to iResearch. As of June 30, 2017, we had over 48 million registered users. As a pioneer in China's online consumer finance marketplace market, we benefit from both our early-mover advantages and the invaluable data and experience accumulated throughout multiple complete loan lifecycles. Our platform, empowered by proprietary, cutting-edge technologies, features a highly automated loan transaction process, which enables a superior user experience, as evidenced by the rapid growth of our user base and loan origination volume. We strategically focus on serving borrowers between the ages of 20 and 40, the young generation that is typically more receptive to internet financial services and is poised to become the major driving force of China's consumer finance market.
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IPO News for PPDAI Group
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IPO Data
IPO File Date 10/13/2017
Offer Price $13.00
Price Range $16.00 - $19.00
Offer Shares (mm) 17.0
Deal Size ($mm) $221
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/09/2017
Offer Price $13.00
Price Range $16.00 - $19.00
Offer Shares (mm) 17.0
Deal Size ($mm) $221
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Shanghai, China
Founded 2007
Employees 6,454
Website www.ppdai.com