China's Qudian gains on debut after $900m US IPO
Qudian, a VC-backed Chinese micro-lending services provider, closed up 22% on its New York Stock Exchange debut, following a $900 million IPO.
The company – which previously went by the name Qufenqi – sold 37.5 million American Depository Shares (ADS) at $24.00 apiece, above the target range of $19.00-22.00. The offering could swell to $1.04...
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