Golden Bull Ltd, an online peer-to-peer lending platform in China, has cut the number of shares to be offered in its initial public offering to 1,550,000 from 2 million.
The shares will be priced at between $4.00 per share and $4.50 per share.
The proposed maximum aggregate offering price is $8.8 million, estimated solely to calculate the registration fee.
Golden Bull intends to invest the net proceeds in short-term, interest-bearing debt instruments or bank deposits.
The company will apply to list its shares on the Nasdaq under the symbol DNJR.
ViewTrade Securities Inc. is serving as the sole book-runner and lead managing underwriter for the offering.
