Jianpu becomes the 4th Chinese fintech company to list on NYSE in H2 2017

China’s fintech company Jianpu listed on NYSE on November 16th, with issuance code JT, our sister site TechNode China is reporting. Jianpu’s initial public offering price was $8 per ADS, lower than the previously identified range of $8.50 to $10.50 issue price.

Jianpu’s NYSE listing marks as the fourth Chinese internet finance company to go public in the United States in the second half of the year, following the steps of Chinese microlender Qudian, Hexindai, and PPDAI. Local media cast a shade on Qudian’s US IPO, because of Qudian’s sustainability. Student micro-loan was at its peak when Qudian grew, and the company claimed that now they suspended the service as the state has issued a  ban on online loans in November 2015.

Jianpu (简普科技), a wholly-owned subsidiary of Rong360, is registered in the Cayman Islands and Rong 360 is the Variable Interest Entity (VIE) of Jianpu. With its latest monthly active user base of 95.8 million, Jianpu has reached more than 2,500 financial institutions and has provided 170,000 financial products covering more than 350 cities nationwide.

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