X Financial, a China-based peer-to-peer lending platform backed by conglomerate Chow Tai Fook Enterprises, filed for a $250m initial public offering on the New York Stock Exchange on Tuesday.
Founded in 2014, X Financial provides a range of personal financial services products, including a peer-to-peer lending marketplace, credit card loans and wealth management.
The proceeds will enable X Financial to pursue potential investment and acquisition opportunities, though the company has not yet made any such commitments. The majority of…
