SHENZHEN, China, Jan 8 (Bernama-GLOBE NEWSWIRE) -- LexinFintech
Holdings Ltd. ("Lexin" or the "Company") (NASDAQ:LX), a leading online
consumer finance technology platform for educated young adults in China,
today announced that the underwriters of the Company’s initial public
offering (the “IPO”) have exercised their over-allotment option in full
to purchase an additional 1,800,000 American depositary shares ("ADSs")
from the Company for the IPO price of US$9.00 per ADS, less an
underwriting discount and commission of US$0.63 per ADS, or a net price
of US$ 8.37 per ADS.
Total proceeds to the Company from ADSs sold
in the IPO, including the 12,000,000 ADSs sold initially and the
1,800,000 ADSs sold pursuant to the over-allotment option, were
approximately US$$115,506,000, after deducting underwriting discounts
and commissions but before deducting offering expenses payable by the
Company.
Goldman Sachs (Asia) L.L.C., BofA Merrill Lynch,
Deutsche Bank Securities and China Renaissance acted as lead bookrunners
for the offering and ICBC International acted as co-manager.
About LexinFintech Holdings Ltd.
LexinFintech
Holdings Ltd. ("Lexin" or the “Company”) is a leading online consumer
finance platform for educated young adults in China. As one of China’s
leading financial technology companies, Lexin integrates its
e-commerce-driven online consumer finance platform, Fenqile, with advanced risk management technologies, the Company’s Dingsheng asset distribution and fund matching technology platform, and the Company’s Juzi Licai
online investment platform for individual investors, to create a
comprehensive consumer finance ecosystem. The Company utilizes
technologies including big data, cloud computing and artificial
intelligence to enable the near-instantaneous matching of user funding
requests with offers from the Company’s more than 30 funding partners,
which include commercial banks, consumer finance companies, and other
licensed financial institutions. By serving the credit needs of China’s
educated young adults, Lexin helps its more than 20 million registered
users to enjoy a better quality of life through the use of better
credit.
For more information, please visit http://ir.lexinfintech.com
For investor and media inquiries, please contact:
LexinFintech Holdings Ltd.
IR inquiries:
Tony Hung
Tel: +86 (755) 3637-8888 ext. 6258
E-mail: IR@lexinfintech.com
Media inquiries:
Limin Chen
Tel: +86 (755) 3368-8788 ext. 6993
E-mail: liminchen@lexinfintech.com
ICR Inc.
Media inquiries:
Edmond Lococo
Tel: +86 (10) 6583-7510
E-mail: Edmond.lococo@icrinc.com
SOURCE : LexinFintech Holdings Ltd.
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