The Ant Financial-backed online lender floated above its range, while fellow corporate investor Kunlun Tech sold $14m of shares.
Qudian, a China-based online consumer lending service backed by financial services provider Ant Financial and game producer Kunlun Tech, will raise $900m from its US flotation, Reuters reported today.
The company has priced 37.5 million American depositary shares (ADSs) at $24.00 each on the New York Stock Exchange, above the $19 to $22 range it had set, according to sources close to the matter, giving it a market value of about $7.9bn.
Founded in 2014 and formerly known as Qufenqi, Qudian…
