Qudian (QD) IPO Opens 43% Higher
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Qudian Inc. Announces Pricing of Initial Public Offering
October 18, 2017 6:30 AM EDTBEIJING, Oct. 18, 2017 /PRNewswire/ -- Qudian Inc. ("Qudian" or the "Company") (NYSE: QD), a leading provider of online small consumer credit products in China, today announced the pricing of its initial public offering of 37,500,000 American depositary shares ("ADSs") at a price to the public of US$24.00 per ADS for a total offering size of approximately US$900.00 million, assuming the underwriters do not exercise their option to purchase additional ADSs. Each ADSs represent one Class A ordinary share. The ADSs are expected to begin trading on the New York Stock Exchange today under the symbol... More
