Deals
China Fintech Firm Is Said to Mull Fate of $500 Million IPO
- Online lending platform to confer with advisers this weekend
- Investor questions have focused on Chinese regulatory climate
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LexinFintech Holdings Ltd., owner of Chinese online lending platform Fenqile, plans to meet advisers this weekend to discuss the fate of its proposed U.S. initial public offering, people with knowledge of the matter said.
The company aims to decide whether to imminently start its IPO roadshow or wait for a later date when market sentiment may be better, according to the people. Investor questions during LexinFintech’s pre-marketing this week focused on the regulatory climate for online lenders in China, the people said, asking not to be identified because the information is private.