Pintec Technology Holdings Plans $41 Million IPO for Week of October 29th (PT)
Pintec Technology Holdings (PT) plans to raise $41 million in an initial public offering (IPO) on the week of October 29th, IPO Scoop reports. The company plans to issue 3,700,000 shares at $10.00-$12.00 per share.
In the last 12 months, Pintec Technology Holdings generated $140.5 million in revenue and $460,000 in net income.
Goldman Sachs (Asia), Deutsche Bank Securities and Citigroup served as the underwriters for the IPO and ICBC International was co-manager.
Pintec Technology Holdings provided the following description of their company for its IPO: ” We operate a leading independent technology platform enabling financial services in China in terms of loan volume facilitated, according to Oliver Wyman. We connect business partners and financial partners on our open platform and enable them to provide financial services to end users efficiently and effectively. We empower our business partners by providing them with the capability to add a financing option to their product offerings. We help our financial partners adapt to the new digital economy by enabling them to access the online population that they could not otherwise reach efficiently or effectively. “.
Pintec Technology Holdings was founded in 2015 and has 449 employees. The company is located at 216, 2/F East Gate, Pacific Century Place, No. A2 Gongti North Road, Chaoyang District, Beijing, People’s Republic of China and can be reached via phone at +86 (10) 8564-3600 or on the web at http://www.pintec.com.
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