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14 November 2017

PPdai fails to pop in $221m IPO

The China-based, SIG-backed online lender floated below its range in the US and is currently hovering just above the IPO price.

Author: Robert Lavine, News Editor

PPdai, a China-based online lending marketplace backed by trading and technology firm Susquehanna International Group (SIG), raised $221m when it floated on the New York Stock Exchange on Friday.