Chinese peer-to-peer (P2P) lending platform PPDAI Group raised $221 million by offering 17 million shares at $13 on Friday (U.S. time), becoming the first Chinese online lending company listed in the U.S. stock market.
PPDAI Group listed on the New York Stock Exchange. In the first nine months, the total transaction scale of the P2P operator surpassed 7.2 billion yuan ($1.08 billion) in spite of tightened regulations on online lending, media reported on October 31.
