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: 国产精品反差婊在线观看 | 久久黄色影片 | 鲁丝片一区二区三区免费 | 香港经典a毛片免费观看爽爽影院 | 被老外玩爽的中国美女视频 | 欧美巨乳在线观看 | h网站国产 | 亚洲综合黄色 | 欧美成人精品动漫在线专区 | 免费观看a级毛片在线播放 免费观看a级网站 | 香蕉久久高清国产精品免费 | 国产欧美综合精品一区二区 | 538在线视频二三区视视频 | 久久久亚洲国产精品主播 | 波多野结衣在线免费观看视频 | 69av美女| 男人天堂新地址 | 日本黄色大片免费观看 | 天天澡天天碰天天狠伊人五月 | 香蕉毛片a| 黄黄的网站在线观看 | 久久久一本 | www日本免费 | 美国毛片网 | 日韩色吧 | 九九99香蕉在线视频免费 | 成人中文字幕在线高清 | 国产一区二区三区影院 | 亚洲人成高清毛片 | 99在线视频精品费观看视 | www.99精品| 欧美野外性xxxxfeexxxxx | 全高清特级毛片 | 成人男男黄网色视频免费 | 久久精品中文字幕不卡一二区 | 欧美69视频 | 免费高清国产 | 亚洲欧美日韩在线精品一区二区 | 国产成人精品在线观看 | 杨幂精品国产专区91在线 | 日韩免费高清一级毛片 |