The machine learning-equipped online lender is exploring a flotation in the US that will allow Sunshine Insurance and Fosun to exit.
China-based online lending platform QuantGroup intends to raise about $200m in an initial public offering that would give exits to diversified conglomerate Fosun and insurer Sunshine Insurance Group, Bloomberg has reported.
The company is currently seeking banks to handle the IPO, which will take place in the US according to people with knowledge of the matter.
QuantGroup has developed an online platform that offers a range of debt products including consumer loans, using big data and machine learning technology to…
