Pintec Technology Holdings Ltd. (PT) Prices 3.725M ADS IPO at $11.88/Sh

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PINTEC Announces Pricing of Initial Public Offering

October 25, 2018 12:41 AM EDT

BEIJING, Oct. 25, 2018 (GLOBE NEWSWIRE) -- Pintec Technology Holdings Limited (NASDAQ: PT) (PINTEC or the Company), a leading independent technology platform enabling financial services in China, today announced the pricing of its initial public offering of 3,725,000 American depositary shares (ADSs), each representing seven Class A ordinary shares of the Company, at US$11.88 per ADS for a total offering size of US$44.3 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs have been approved for listing on the Nasdaq Global Market and are expected to begin trading today under the symbol... More