9F (JFG) Plans to Raise $76 Million in August 15th IPO

9F (JFG) plans to raise $76 million in an initial public offering (IPO) on Thursday, August 15th, IPO Scoop reports. The company will issue 8,900,000 shares at $7.50-$9.50 per share.

In the last twelve months, 9F generated $824.7 million in revenue and $320.2 million in net income. The company has a market-cap of $2.2 billion.

Credit Suisse acted as the underwriter for the IPO and Haitong International and 9F Primasia Securities were co-managers.

9F provided the following description of their company for its IPO: ”  We are a leading digital financial account platform integrating and personalizing financial services in China with our footprint expanding overseas. We provide a comprehensive range of financial products and services across loan products, online wealth management products, and payment facilitation, all integrated under a single digital financial account. According to Oliver Wyman, among the independent marketplace lending platforms in China, we are the largest online consumer finance platform in terms of outstanding loan balance as of December 31, 2018. We leverage technology, a deep understanding of our large user base and strategic partner relationships to create a one-stop experience bringing together borrowers, investors, financial institution partners and merchant partners. “.

9F was founded in 2006 and has 1516 employees. The company is located at Jiufu Building, Rongxin Technology Center, Chaoyang District, Beijing, People’s Republic of China, 100102 and can be reached via phone at +86 (10) 8527-6996 or on the web at http://www.9fgroup.com.

Receive News & Ratings for 9F Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 9F and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply