X Financial Plans $110 Million IPO for September 19th (XYF)
In the last twelve months, X Financial generated $442.1 million in revenue and $100.9 million in net income. X Financial has a market cap of $1.5 billion.
Deutsche Bank Securities and Morgan Stanley acted as the underwriters for the IPO and EBS International, China Merchants Securities (HK) and AMTD Tiger were co-managers.
X Financial provided the following description of their company for its IPO: ” Our mission is to utilize internet technology to build the leading personal finance company in China. We are a leading technology-driven personal finance company in China focused on serving China’s underserved prime borrowers and mass affluent investors, according to the Oliver Wyman Report. Our platform, empowered by our risk management capabilities and technology, efficiently matches borrowers’ loan requests with investors’ investment demands, enabling us to satisfy the financing needs of borrowers and meet the investment demands of investors. “.
X Financial was founded in 2014 and has 798 employees. The company is located at 7-8F, Block A, Aerospace Science and Technology Plaza No. 168, Haide Third Avenue, Nanshan District, Shenzhen, 518067, the People’s Republic of China and can be reached via phone at +86-755-86282977 or on the web at http://www.xiaoying.com.
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