Updated: Books covered for VCredit $200m HK float

hong kong central px230
By John Loh, Jonathan Breen
05 Jun 2018

China-based VCredit Holdings, which provides online consumer finance, launched bookbuilding for its IPO on Tuesday, with proceeds of up to HK$1.58bn ($201m) in reach.

The company is offering 68.6m primary shares, equal to 13.8% of its enlarged capital, at HK$20 to HK$23 per share. VCredit stands to raise HK$1.37bn to HK$1.58bn, excluding the standard 15% greenshoe. 

Sponsors Credit Suisse, Goldman Sachs and JP Morgan will be on the road with VCredit management until ...

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