PE-backed VCredit raises $152m in HK IPO
VCredit, a Chinese online consumer finance platform with private equity backers including TPG Growth, has raised HK$1.2 billion ($152 million) in its Hong Kong IPO.
The company sold 78.7 million shares at HK$20 each, according to a filing, the bottom of the pricing range indicated in the prospectus. VCredit increased the offering size from the original 68.6 million...
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