Legend and Susquehanna International Group stand to score an exit as peer-to-peer lending platform PPdai gears up for a flotation on the New York Stock Exchange.
PPdai, a China-based peer-to-peer lending service backed by conglomerate Legend Holdings, filed for a $350m initial public offering on the New York Stock Exchange on Friday.
Founded in 2007 as Shanghai Paipaidai Financial Information Service, PPdai operates an online peer-to-peer lending platform that is primarily aimed at users in the 20-to-40 age range. It had served more than 48 million customers by the end of June 2017.
The company raised almost $100m in a 2015 series C round…
