Yirendai Ltd. IPO Info
Company Name: Yirendai Ltd.
Stock Symbol: YRD
Exchange: NYSE
Status: Priced
IPO Date: 12/18/2015
IPO Price:
10.00 (
-5.50%)
Underwriters
Morgan Stanley, Credit Susse, China Renaissance, Needham & Company
Amount of Offering: N/A
Number of Shares Offered: 7.5 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Yirendai is a leading online consumer finance marketplace in China connecting investors and individual borrowers, according to iResearch.
Financial Data
Financial commentary: "Our total net revenues increased from $3.1 million in 2013 to $31.9 million in 2014, and increased from $5.0 million for the six months ended June 30, 2014 to $79.0 million for the six months ended June 30, 2015. We had net losses of $8.3 million and $4.5 million in 2013 and 2014, respectively. For the six months ended June 30, 2015, we had a net income of $17.3 million, compared to a net loss of $9.0 million for the six months ended June 30, 2014."
SEC Filings
News Headlines
