Chinese financial services platform 9F Group files for U.S. IPO

Source: Xinhua| 2019-07-26 10:00:11|Editor: ZX
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NEW YORK, July 25 (Xinhua) -- Chinese digital consumer credit services provider 9F Group filed on Thursday with the U.S. Securities and Exchange Commission to raise up to 150 million U.S. dollars in an initial public offering (IPO).

It plans to list on the New York Stock Exchange or the Nasdaq under the symbol JFG, according to the company's latest prospectus.

The Beijing-based company, founded in 2006, booked a total net revenue of 179.4 million dollars for the three months that ended March 31, a marked increase from the nearly 159 million dollars for the same period last year.

Its core business lines include installment consumption, internet lending, mobile overseas securities and big data assessment, based on mobile Internet, big data technology and eco-chain development modules, according to the company.

With over 60 million accumulative registered users, the fintech firm owns several brands like 9F Puhui, 9F One Card and Wukonglicai.

Credit Suisse, Haitong International and 9F Primasia Securities are the joint bookrunners on the deal. No pricing terms were disclosed.