Chinese Internet Loan Platform Eyes IPO In U.S.

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Chinese P2P loan company China Rapid Finance plans to launch an initial public offering in America in the first half of 2016, and the company aims to raise up to USD200 million.

According to reports in foreign media, Morgan Stanley, Citibank, and Jefferies are handling the deal and China Rapid Finance may choose to be listed on New York Stock Exchange.

Headquartered in Shanghai, China Rapid Finance is registered in America. The company was established in 2001 and started operating its Internet loan business in 2011. So far, the company has provided pre-approved credit to over 50 million users via mobile phones.

China Rapid Finance has been discussing the possibility of IPO since 2014. In July 2015, the company gained USD35 million via a private equity financing, which was led by Broadline Capital.

China Rapid Finance said the co...

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