赴美上市的小赢科技,开盘价上涨62.95%为15.48美元–36Kr

What happened: Shares of Chinese P2P lending platform X Financial have surged 62.95% upon its New York Stock Exchange IPO on September 19. Trading under the ticker symbol of “XYF”, X Financial shares opened at $15.48 per share, higher than its IPO price of $9.50 apiece. The company’s market cap was bumped to $2.33 billion when calculating at the opening price.

Why it’s important: Started by the founder of the Chinese online travel site eLong, X Financial focuses on serving underserved prime borrowers and affluent investors in China. They specialize in offering short-term financing for credit card balance transfers, mainly because banks provide extremely low credit limits. X Financial will be the first P2P lender from China to IPO since a number of regulatory changes caused a fairly large shakeout in the sector. While many platforms have failed, the strongest remain and may be able to consolidate and grow their positions.

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com. More by Emma Lee

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