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

Emma Lee (Li Xin) was TechNode's e-commerce and new retail reporter until June 2022, when she moved to Sixth Tone to cover technology and consumption. Get in touch with her via lixin@sixthtone.com or Twitter.

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