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16 October 2017

PPdai to lend itself to $350m IPO

Legend and Susquehanna International Group stand to score an exit as peer-to-peer lending platform PPdai gears up for a flotation on the New York Stock Exchange.

Author: Thierry Heles, Reporter

PPdai, a China-based peer-to-peer lending service backed by conglomerate Legend Holdings, filed for a $350m initial public offering on the New York Stock Exchange on Friday.