QFIN News

This past week the 2018 IPO market came to a close, as three IPOs and three SPACs raised a combined $1.6 billion. The three IPOs all had weak trading. Tencent Music Entertainment (TME) was the week's big deal, raising $1.1 billion, the year's fourth billion-dollar US IPO from a Chinese company. Spun out of Tencent, the music streaming provider has top...read more

360 Finance, a Chinese online consumer lending platform partnered with 360 Group (Qihoo), raised $51 million by offering 3.1 million shares at $16.50, the low end of the range of $16.50 to $18.50. 360 Finance plans to list on the Nasdaq under the symbol QFIN. Citi, Haitong, AMTD Asset Management and Lighthouse Financial acted as lead managers on the deal....read more

360 Finance, a Chinese online consumer lending platform partnered with 360 Group (Qihoo), announced terms for its IPO on Thursday. The Shanghai, China-based company plans to raise $54 million by offering 3.1 million ADSs at a price range of $16.50 to $18.50. Chairman Hongyi Zhou intends to purchase up to $20 million of the IPO (37% of the deal); two outside investors have...read more

360 Finance, a Chinese online consumer lending platform partnered with 360 Group (Qihoo), filed on Friday with the SEC to raise up to $200 million in an initial public offering. The Shanghai, China-based company was founded in 2016 and booked $150 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol QFIN. 360 Finance filed...read more