Jianpu Technology (JT) IPO Opens Modestly Higher

Today's IPO for Jianpu Technology Inc. (NYSE: JT) opened for trading at $8.25 after pricing 22,500,000 American depositary shares ("ADSs") at a price to the public of US$8.00 per ADS.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 3,375,000 additional ADSs at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. International plc, J.P. Morgan Securities LLC and China Renaissance Securities (Hong Kong) Limited are acting as joint bookrunners for the offering and as the representatives of the underwriters.

Jianpu Technology Inc. ("Jianpu") is the leading independent open platform for discovery and recommendation of financial products in China, according to iResearch*. By leveraging its deep data insights and proprietary technology, Jianpu provides users with personalized search results and recommendations that are tailored to each user's particular financial needs and credit profile. The company also enables financial service providers with sales and marketing solutions to reach and serve their target customers more effectively through online and mobile channels and enhance their competitiveness by providing them with tailored data, risk management and end-to-end solutions. The Company is committed to maintaining an independent open platform, which allows it to serve the needs of users and financial service providers impartially.

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