PPDAI opens books in hunt for $323m

Jonathan Breen

October 31, 2017 10:15 am

NYSE_PA_230x150 — (170103) -- NEW YORK, Jan. 3, 2017 (Xinhua) -- Traders work at the New York Stock Exchange in New York, the United States, on Jan. 3, 2017. U.S. stocks rebounded Tuesday, the first trading day of 2017. The Dow Jones Industrial Average rose 119.16 points, or 0.60 percent, to 19,881.76. The S&P 500 added 19.00 points, or 0.85 percent, to 2,257.83. The Nasdaq Composite Index climbed 45.97 points, or 0.85 percent, to 5,429.08. (Xinhua/Wang Ying) (Photo by Xinhua/Sipa USA) | Xinhua/SIPA USA/PA Images

Chinese online peer-to-peer lending platform PPDAI Group has launched bookbuilding for an IPO of American Depository Shares.

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JB

Jonathan Breen

Equities editor GlobalCapital Asia