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Chinese fintech platform 9F Group files for US IPO, aiming to raise $150 million

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Angela Skipper
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Chinese fintech company 9F Group has filed for an initial public offering (IPO) with the US Securities and Exchange Commission on Thursday.

The company is aiming to raise $150 million from the IPO.

Why it matters: After a series of regulatory shocks that started in 2017, fintech is one of the main industries from which US-listed Chinese companies hail.

Known as Jiufu, 9F Group is one of several Chinese companies that are seeking to raise capital from a US IPO this year.

Details: The company said the proceeds from the IPO will be put toward broadening its product offerings, including consumption loans and online wealth management, as well as international expansion efforts in Hong Kong and Southeast Asia.

Credit Suisse, Haitong International, and 9F Primasia Securities are joint bookrunners on the deal.

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Angela Skipper
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