日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語(yǔ)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 [email protected]

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: 成人网址大全 | 久草视频观看 | 国产美女久久 | 国产精品久久久久久久久久免费 | 久久久精彩视频 | 成人av播放 | 亚洲综合综合在线 | 久久久久成人精品 | 女猛烈无遮挡性视频免费 | 成人精品鲁一区一区二区 | 欧美精品久久久久久久免费观看 | 天天激情 | 日韩成人影院 | 欧美日韩一区二区三区自拍 | 91短视频版在线观看免费大全 | 亚洲成人中文 | 日韩精品久久一区二区三区 | 男人的午夜天堂 | 欧美日韩国产手机在线观看视频 | 国产精品第一区第27页 | 精品国产一二三区 | 欧美变态口味重另类日韩毛片 | 91久久精品日日躁夜夜躁国产 | 亚洲欧美视频一区二区 | 国产一级毛片视频 | 国产成人综合一区二区三区 | 九九导航 | 成人黄性视频 | 欧美精品一级 | k8久久久一区二区三区 | 国产一区免费 | 欧美一级欧美一级高清 | 国产精品国产三级国产aⅴ原创 | 我不卡在线观看 | 毛片成人永久免费视频 | 免费观看欧美一级高清 | 欧美色综合网 | 天天伊人网 | 久久久精品一区二区三区 | 人人看人人看 | 91精品国产综合久久久久久 |