Bertelsmann and JD.com-backed LexinFintech, which runs lending and e-commerce marketplace Fenqile, will float in the US.
LexinFintech, the China-based operator of consumer finance platform Fenqile, filed on Monday for a $500m initial public offering that will enable media group Bertelsmann and e-commerce company JD.com to exit.
The company intends to float on the Nasdaq Global Market in the US, and Goldman Sachs (Asia), Merrill Lynch, Pierce, Fenner & Smith, Deutsche Bank Securities and China Renaissance Securities are the underwriters for the offering.
Founded in 2013 as Shenzhen Fenqile Network Technology, LexinFintech runs an online lending service…
