Sina invested $5m as online financing platform Pintec, which also counts Xiaomi as an investor, went public in a $44.3m initial public offering.
Pintec, the China-based business financing marketplace that counts internet company Sina and electronics maker Xiaomi as investors, has secured $44.3m in an initial public offering in the US.
The company issued just over 3.7 million American depositary shares (ADSs), each worth seven ordinary shares, on the Nasdaq Global Market priced at $11.88 each, near the top of the $10 to $12 range it set earlier this month. It gave Pintec a market capitalisation of about $444m.
Founded in 2013,…
