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China's HeZhong International files for US IPO

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China's HeZhong International files for US IPO

Chinese online peer-to-peer lender HeZhong International (Holding) Ltd. has filed for an IPO on the U.S. stock market.

The company plans to raise up to US$5.8 million through the public float, according to a Jan. 11 prospectus. It intends to list on Nasdaq under the symbol "HZ."

ViewTrade Securities Inc. was listed as underwriter for the IPO.

Net proceeds of the offering will be utilized for the company's sales and marketing efforts, expansion of product offerings, as well as international expansion and for other general corporate purposes.

HeZhong International facilitates loans between borrowers and investors through its online platform. It operates from Guangdong, China.