9F Inc.

9F Inc. (JFU) priced its initial public offering on Aug 15, 2019 at $9.50 per share, raising $84.5M, and listed on Nasdaq Global Market. At the IPO price its market capitalization was about $1.84B. Credit Suisse was lead-left underwriter, joined by Haitong, CLSA and Primasia. Skadden, Arps, Maples and Calder and Han Kun advised the company and Davis Polk and Commerce & Finance advised the underwriters.

9F Inc. operates a digital financial account platform in China, with a growing overseas presence, offering loan products, online wealth management products and payment facilitation under a single account called One Card. It connects borrowers, investors, financial institution partners and merchant partners.

Status

IPO

Ticker

JFU

Exchange

Nasdaq Global Market

Priced

Aug 15, 2019

IPO price

$9.50

Raised

$84.5M

Market cap at IPO price

$1.84B

First filed

Jul 25, 2019

Underwriters

Credit Suisse, Haitong, CLSA and Primasia

Company counsel

Skadden, Arps, Maples and Calder and Han Kun

Underwriters' counsel

Davis Polk and Commerce & Finance

Sector

Financials

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.