X Financial went public in a $2.9 billion IPO — and surged on its first day of trading (XYF) [The Business Insider]
X Financial American Depositary Shares, each representing six Class A Ordinary Shares (XYF)
Last x financial american depositary shares, each representing six class a ordinary shares earnings: 3/18 05:20 pm
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Source: The Business Insider
This story was delivered to Business Insider Intelligence Fintech Briefing subscribers. To learn more and subscribe, please click here . Chinese peer-to-peer (P2P) lender X Financial's initial public offering (IPO) got off to a roaring start on its first day of trading on the New York Stock Exchange (NYSE) on Wednesday, closing 26% above its opening price of $9.50. Business Insider Intelligence The fintech sold 11 million shares to the tune of $104.5 million, though this figure is considerably lower than the $250 million it intended to raise originally. At the time of its debut, X Financial garnered a valuation of $2.9 billion, according to Crunchbase . X Financial has generated rapid growth in recent quarters, despite headwinds hitting China's marketplace lending industry. The company reported revenue of RMB1.85 billion (
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News
- X Financial (NYSE:XYF) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Investigation of X Financial (XYF) Announced by Holzer & Holzer, LLCGlobeNewswire
- X Financial Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial Results [Yahoo! Finance]Yahoo! Finance
- X Financial Reports Fourth Quarter and Fiscal Year 2023 Unaudited Financial ResultsPR Newswire
- X Financial to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 27, 2024PR Newswire