China P2Ps back in focus as X kicks off listing

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By John Loh
13 Sep 2018

X Financial opened books on Thursday for a $121m listing on the New York Stock Exchange, as bankers believe the worst is over for China’s beleaguered peer-to-peer lending sector.

The company is marketing 11m American Depository Shares for $9 to $11 each, according to an updated filing with the US regulator. Deutsche Bank is left lead on the IPO and a bookrunner alongside China Merchants Securities and Morgan Stanley.

The share prices of comparables have fallen off a ...

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