久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Online platform Pintec's shares up 5% after Nasdaq IPO

By PAUL WELITZKIN in New York | China Daily USA | Updated: 2018-10-27 01:47
Share
Share - WeChat

Shares of Pintec Technology Holdings Ltd, which operates an online platform that facilitates merchant financing in China, rallied on their first day of trading on the Nasdaq Stock Market in New York on Thursday.

The stock, which trades under the symbol PT, jumped in the last few minutes of trading to close at $12.49, up 61 cents or 5.1 percent, from its initial public offering price of $11.88. The company sold 3.7 million American depositary shares to raise about $44 million.

CEO William Wei said Pintec intends to use the IPO proceeds to invest in technology and enhance its digital laboratory.

"We may also invest in a China-based lending company to acquire a micro-lending license for future growth," he said in an interview.

Wei said Pintec's core value is to work with its business and financial partners. Pintec offers five solutions for its partners. Three are lending related, while two are non-lending — wealth management and digital insurance.

For example, Wei said Pintec can work with a company in China that seeks financing to export its product.

"We can connect the company with financial institutions that can provide the needed financial solutions," he said.

In addition to China, Wei said Pintec also is involved in two joint ventures — Pivot and Avatec, both based in Singapore and targeting Southeast Asian nations.

According to the company's prospectus filed earlier this year, its top five shareholders are Genius Hub, Mandra iBase, New Fortune Fund, Ventech China and Xiaomi Ventures.

By providing solutions on point-of-sale lending, personal installment lending, small- and medium-enterprise lending, wealth management and insurance products, Pintec had 183 business partners and 83 financial partners as of June 30, including Qunar, Ctrip, BestPay, Vip.com, Xiaomi, 360 Finance, Anbang Finance and Minsheng Securities, the prospectus said.

The company has grown rapidly, with revenue increasing from 54.9 million yuan ($8.02 million) in 2016 to 568.7 million yuan last year. Revenue jumped to 279.4 million yuan in the first quarter of this year from 63.6 million yuan in the same period last year.

Pintec turned a profit in the first quarter of 2018 with net income of 14.6 million yuan after suffering net losses of 200.5 million yuan in 2016 and 84.9 million yuan in 2017.

The company is incorporated in the Cayman Islands, and its directors control nearly 79 percent of the voting power.

Despite trade tensions between China and the US, Chinese companies have been eager to list on American markets. Chinese IPOs in the US accounted for about a fifth of US IPO proceeds in the first quarter this year, according to Renaissance Capital, a research firm based in Connecticut.

Contact the writer at paulwelitzkin@chinadailyusa.com

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 韩国免费播放一级毛片 | 日韩精品一区二区三区免费视频 | 伊人2233| 久久久黄色片 | 国产日韩欧美一区二区三区在线 | 日本特黄特色大片免费看 | 999热成人精品国产免 | 久久国产亚洲欧美日韩精品 | 日韩欧美一级 | 2020久久国产最新免费观看 | 美女精品永久福利在线 | 亚洲久草在线 | 国产成人在线看 | 久久经典免费视频 | 欧美精品久久 | 精品国产三级a在线观看 | aaa毛片在线 | 波野多结衣在线观看 | 欧美 在线 成 人怡红院 | 免费看日韩欧美一级毛片 | 欧美影院久久 | 香蕉毛片a | 欧美视频一区二区三区在线观看 | 国产乱码一区二区三区四川人 | 欧美特欧美特级一片 | 亚洲国产日韩在线 | 亚洲精品久久久久中文字幕一区 | 草草免费观看视频在线 | 国产成人99久久亚洲综合精品 | 波多结衣一区二区三区 | 在线成人欧美 | 一区二区在线看 | 国产高中生粉嫩无套第一次 | 国产成人精品福利网站人 | 国产夜色 | 日本高清毛片视频在线看 | 黄色aaaa| 亚洲男人天堂网站 | 2021精品国产品免费观看 | 给我一个可以看片的www日本 | 欧美曰韩一区二区三区 |