The JD.com, Xiaomi, InTime and SIG-backed personal finance product provider is set to price its shares at the bottom of the IPO's range.
51credit, a China-based personal financial product supplier backed by corporates JD.com, Xiaomi and Susquehanna International Group (SIG), is expected to raise $129m in its initial public offering, Tencent Technology News reported yesterday.
The company is set to price its shares at HK$8.50 ($1.08) each, at the foot of the HK$8.50 to HK$11.50 it had previously set.
Founded in 2005 and also known as U51, 51credit offers financial services such as credit card bill management, peer-to-peer lending and wealth management.
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