China's peer-to-peer lending platform Ppdai.com is planning to raise US$200 million in its planned U.S. IPO, IFR reported Jan. 23, citing "people close to the plans."
The Chinese company, also known as Shanghai Paipaidai Financial Information Service Co., is expected to launch the offering in the first half.
Previously, The Wall Street Journal reported in October 2016 that Ppdai.com is planning to launch its IPO in the second half of 2017.
Citigroup and Credit Suisse will lead the IPO.
Ppdai.com, Citigroup and Credit Suisse declined to comment on the matter.