VC-backed China Rapid Finance raises $60m in US IPO
China Rapid Finance (CRF), a VC-backed peer-to-peer (P2P) lending platform, is trading up 32% on its IPO price following an offering on the New York Stock Exchange that raised $60 million.
The stock closed on May 2 at $7.90, giving the entire company a market capitalization of around $448 million. CRF sold 10 million American Depository Shares (ADS) for $6 apiece, well below the indicative...
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