PPDAI Group NYSE IPO

Overview:

• PPDAI Group—a Chinese peer-to-peer online lending platform—has undertaken an IPO on the NYSE raising $221 million.
• Proceeds will be used for the acquisition of tech and fund growth enterprises.
• Keefe Bruyette & Woods, Credit Suisse and Citigroup Global Markets acted as underwriters on the deal.

Katrin Kostadinova - Data analyst