Yirendai Filed for a $100m IPO
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.