Nasdaq-Listed LexinFintech Considers Hong Kong Share Issuance
Liao Shumin
DATE:  Jun 05 2020
/ SOURCE:  Yicai
Nasdaq-Listed LexinFintech Considers Hong Kong Share Issuance Nasdaq-Listed LexinFintech Considers Hong Kong Share Issuance

(Yicai Global) June 5 -- Nasdaq-listed LexinFintech Holdings is seriously considering a secondary offering in Hong Kong, according to its chief executive.

The consumer finance platform continues to evaluate the current situation to protect the interests of investors and shareholders, Xiao Wenjie said in a phone conference with investors.

Listed in December 2017, LexinFintech raised about a quarter of its earlier target at USD120 million via its initial public offering.

In the first quarter, the Shenzhen-based firm made a net loss of CNY678 million (USD95.7 million) in comparison to a net profit of CNY424 million a year earlier, according to its earnings report released yesterday. Its revenue rose by 41 percent to CNY2.5 billion (USD352 million).

The platform's number of active users nearly doubled to 6.4 million from a year ago. Its total loan balance rose by 70 percent to CNY34.1 billion (USD4.8 billion).

LexinFintech's shares [NASDAQ: LX] slipped by 3.8 percent to USD8.09 yesterday.

Editor: Emmi Laine

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Keywords:   Lexinfintech Holdings Ltd.,Hong Kong Stock Exchange,Secondary Listing