Qudian seals US IPO above guidance to net $900m

Chinese micro-lender Qudian has bagged $900m from its US listing, after robust demand allowed it to price the stock above the initial range, according to a banker close to the deal.

  • By Jonathan Breen
  • 18 Oct 2017


The company's IPO was opened for orders on October 4 and was wrapped up on Tuesday. The float comprised 37.5m American Depository Shares, equal to 329.9m ordinary shares, of which 35.62m ADSs were primary and 1.87m secondary. 

Shareholders Source Code Accelerate, Kunlun Group, Phoenix Entities and Zhu Entities ...

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