Yirendai Filed for a $100m IPO

Posted on Nov 17, 2015 in News

Yirendai Ltd., a Chinese marketplace for peer-to-peer personal loans spun out of CreditEase, filed an F-1 with the SEC for a $100m IPO.  The company named Morgan Stanley, Credit Suisse and China Renaissance as joint bookrunners.  Yirendai will list on the NYSE under the ticker symbol “YRD.”

Company Description: Online peer-to-peer lending marketplace that matches investors with individual borrowers.

Competitive Set: Lending Club, OnDeck, Prosper, SoFi, Zopa.