Shares of Qudian, backed by Ant Financial, which runs a mobile platform that allows college students and young workers to borrow amounts as low as $60 to buy apparel, concert tickets or smartphones rose as much as 48% in their market debut valuing the firm at about $11B in the biggest U.S. listing by a Chinese company this year.
Shares of Qudian Inc rose as much as 48 percent in their market debut on Wednesday, valuing the online micro-credit firm at about $11.67 billion in the biggest U.S. listing by a Chinese company this year. Qudian's initial public offering was priced at $24 per American depository share (ADS) - topping its expected $19 to $22 per ADS range - and raised $900 million. U.S. exchanges are set to record their busiest year for IPOs from Asian companies since 2010, as startups from Taiwan, Singapore, Indonesia and Vietnam join a flurry of Chinese firms that have already listed in the country.
https://www.nytimes.com/reuters/2017/10/18/technology/18reuters-qudian-ipo.html
