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Chinese peer-to-peer lender Golden Bull's US IPO closes

Golden Bull Ltd's firm commitment IPO has closed.

The Chinese peer-to-peer lender issued 1,550,000 ordinary shares at $4.00 apiece in the IPO, which generated total gross proceeds of about $6.2 million, before underwriting discounts and commissions and offering expenses.

Underwriters have a 45-day option to buy up to an additional 232,500 common shares at the public offering price, less underwriting discount and commissions.

Golden Bull initially planned to offer 2 million common shares but the IPO was downsized to 1,550,000 shares. The per-share price of $4.00 was the bottom end of the target price range of $4.00 to $4.50.

On March 20, Golden Bull's shares started trading on the Nasdaq Capital Market under the ticker symbol DNJR.

ViewTrade Securities Inc. acted as sole underwriter and book-running manager for the offering. Ellenoff Grossman & Schole LLP acted as counsel to Golden Bull. Kaufman & Canoles PC acted as counsel to the underwriter.