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MarketScreener Homepage  >  Equities  >  Nyse  >  China Rapid Finance Ltd - ADR    XRF

CHINA RAPID FINANCE LTD - ADR

(XRF)
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China Rapid Finance : Announces Pricing of Initial Public Offering

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05/23/2017 | 08:11am EDT

SHANGHAI, April 28, 2017/PRNewswire / -- China Rapid Finance Limited ('China Rapid Finance') (NYSE:XRF) announced today that its initial public offering of 10,000,000 American depositary shares ('ADSs') was priced at US$6.00per ADS, with a total offering size of US$60 million. Each ADS represents one Class A ordinary share of China Rapid Finance. China Rapid Finance has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 ADSs at the initial public offering price, less the underwriting discounts and commission. The ADSs have been approved for listing on the New York Stock Exchange and are expected to begin trading on April 28, 2017under the symbol 'XRF.'

Morgan Stanley & Co. International plc, Credit Suisse Securities (USA) LLC and Jefferies LLC are acting as joint bookrunners for the offering.

A registration statement relating to the securities being sold in this offering was declared effective by the Securities and Exchange Commission on April 27, 2017. This offering is being made only by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained, when available, by contacting the prospectus department at Morgan Stanley & Co. International plc at Room 214, 2nd Floor, 180 Varick Street, New York, NY, 10014, by telephone at 1-917-606-8487 or by emailing prospectus@morganstanley.com; Credit Suisse Securities (USA) LLC at One Madison Avenue, New York, NY10010, United States, attention: Prospectus Department, by telephone at 1-800-221-1037 or by emailing newyork.prospectus@credit-suisse.com; or Jefferies LLC at 520 Madison Ave., 2nd Floor, New York, NY10022, by telephone at 1-877-547-6340 or by emailing prospectus_department@jefferies.com.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About China Rapid Finance

China Rapid Finance operates one of China'slargest consumer lending marketplaces in terms of total number of loans, having facilitated approximately 15 million loans to approximately 2 million borrowers at significantly lower borrowing costs than many of its competitors.

Investor Relations:

China Rapid Finance Limited
Sean Zhang
Tel: +1 (646) 308-1635
Email: IR@crfchina.com

ICR, Inc.
Xueli Song
Tel: +1 (646) 308-1635
Email: IR@crfchina.com

SOURCE China Rapid Finance

China Rapid Finance Ltd. published this content on 28 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 11:10:22 UTC.

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Financials ($)
Sales 2018 70,2 M
EBIT 2018 -55,4 M
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P/E ratio 2018 -
P/E ratio 2019
Capi. / Sales 2018 1,16x
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Capitalization 81,7 M
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Zheng Yu Wang Chairman, President & Co-Chief Executive Officer
Russell Krauss Co-Chief Executive Officer & Vice Chairman
Lan Xie Chief Financial Officer
Richard Li Chief Technology Officer
Doug L. Brown Independent Non-Executive Director
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