China Peer-to-Peer Lender Yirendai Said to Plan $300 Million IPO

Yirendai.com, a Chinese peer-to-peer lending platform, plans to raise about $300 million in a U.S. initial public offering, people with knowledge of the matter said.

The Beijing-based company, whose name means “convenient lending and borrowing” in Chinese, aims to list this year, according to the people. It could be valued at about $2 billion in the share sale, two of the people said, asking not to be identified as the information is private.