Yirendai (YRD) Prices 7.5M ADS IPO at $10/ADS

Yirendai Ltd. (NYSE: YRD), a leading online consumer finance marketplace in China, today announced that it has priced its initial public offering of 7,500,000 American depositary shares ("ADSs") at US$10.0 per ADS for a total offering size of US$75.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADS represents two ordinary shares of the Company. The ADSs will begin trading on the New York Stock Exchange ("NYSE") today under the ticker symbol "YRD."

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 1,125,000 additional ADSs.

Morgan Stanley & Co. International plc, Credit Suisse Securities (USA) LLC, China Renaissance Securities (Hong Kong) Limited, and Needham & Company, LLC are acting as joint bookrunners, for the offering.

Yirendai's registration statement relating to the offering has been filed with, and declared effective by, the United States Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor will there be any sale of these securities in any state or jurisdiction in which it would be unlawful prior to registration or qualification under the securities laws of the state or jurisdiction.

The offering of the securities is made only by means of a prospectus forming a part of the effective registration statement. A copy of the prospectus relating to the offering may be obtained by contacting

Morgan Stanley& Co. International plc Prospectus Department180 Varick Street, 2nd FloorNew York, NY, 10014United States of America+1-866-718-1649[email protected];

Credit Suisse Securities (USA) LLC, Attention: Prospectus DepartmentOne Madison Avenue, New York, NY 10010, +1-800-221-1037 [email protected];

China Renaissance Securities (HK) LimitedUnit 8107-08, Level 81, International Commerce Centre, 1 Austin Road West, Kowloon, Hong Kong.+852-2287-1600

You May Also Be Interested In

• Nscale targets up to $3B in US IPO as soon as September - Bloomberg
• Elroy Air wins $46M U.S. Army contract for cargo drone system
• Silexion Therapeutics faces Nasdaq delisting over equity shortfall