Caixin
BUSINESS & TECH

Fintech Consumer Lender Qudian Sees Green in New York With IPO Plan

By Yang Ge
A source with knowledge of the situation said that the Qudian Inc. IPO  is likely to help kick off a wave of fintech listings before the end of this year Photo: Visual China
A source with knowledge of the situation said that the Qudian Inc. IPO is likely to help kick off a wave of fintech listings before the end of this year Photo: Visual China

Online consumer microlender Qudian said it plans to raise up to $750 million in a New York IPO, in the second of two major financial technology (fintech) deals this month which are expected to kick off a wave of similar listings by year-end.

Qudian Inc. disclosed the fundraising target in its first public filing with the U.S. securities regulator late on Monday. But a source with direct knowledge of the situation told Caixin the final fundraising amount is likely to exceed $1 billion, possibly making it the largest IPO by a Chinese company in the U.S. this year.

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