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LexinFintech Holdings prices IPO of American depositary shares

Chinese online lending platform operator LexinFintech Holdings Ltd. has priced its initial public offering of 12 million American depositary shares at a public price of $9.00 per share for a total offering size of $108 million.

Each American depositary share represents two class A ordinary shares. The shares listed on the Nasdaq Global Market.

The company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1.8 million additional American depositary shares at the initial public offering price, less underwriting discounts and commissions.

Goldman Sachs (Asia) LLC., Bank of America Merrill Lynch, Deutsche Bank Securities and China Renaissance are acting as lead book runners for the offering, while ICBC International is acting as co-manager.