LX News

Two Chinese companies raised a combined $138 million to close out 2017 with an even 160 IPOs. The deals included online lender LexinFintech Holdings and adtech firm iClick Interactive. Given the recent sell-off of US-listed Chinese tech firms, it was notable to see these deals come to market. Both priced down and traded up; however, we acknowledge...read more

LexinFintech Holdings, an online consumer lending platform in China, raised $108 million by offering 12 million ADSs at $9, the low end of the range of $9 to $11. Insiders purchased $26.6 million (25% of deal size) of the the offering, down from the $28 million originally indicated. LexinFintech Holdings plans to list on the Nasdaq under the symbol LX. Goldman Sachs (Asia), BofA...read more

Four companies are targeting $247 million in the last active week of the 2017 IPO market. LexinFintech, a Chinese online microloan company, leads the pack with the largest deal of the week. Other IPOs include a life insurer and two small health care deals. While it is unusual to see so many IPOs this close to the holidays, we note that LexinFintech is likely pre-sold in China, and...read more

LexinFintech Holdings, an online provider of installment-based loans to young Chinese consumers, announced terms for its IPO on Wednesday. The Shenzhen, China-based company plans to raise $120 million by offering 12 million shares (23% insider) at a price range of $9 to $11. Insiders intend to purchase up to $28 million of the IPO (23%). At the midpoint of the proposed...read more