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Stock impact report

Jiayin Group Inc. Announces Pricing of Initial Public Offering

Jiayin Group Inc. - American Depositary Shares (JFIN) 
Last jiayin group inc. - american depositary shares earnings: 4/1 06:00 am Check Earnings Report
Company Research Source: Business Wire
SHANGHAI--(BUSINESS WIRE)-- Jiayin Group Inc. (“Jiayin” or the “Company”) (Nasdaq: JFIN) today announced the pricing of its initial public offering of 3,500,000 American Depositary Shares (“ADSs”), each representing four of its Class A ordinary shares, at a price to the public of US$10.50 per ADS for a total base offering size of US$36.75 million. In addition, the Company has granted to the underwriters a 30-day option to purchase up to an additional up to 525,000 ADSs at the public offering price to cover over-allotments in connection with the offering. After the underwriting discount and estimated offering expenses payable by the Company, the Company expects to receive net proceeds of approximately US$29.8 million, before exercise of the over-allotment option. The ADSs are expected to begin trading on the Nasdaq Stock Market on May 10, 2019, under the ticker symbol “JFIN”. The offering is expected to close on May Show less Read more
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