SHANGHAI, May 11, 2017 /PRNewswire/ -- China Rapid Finance
Limited ("China Rapid Finance") (NYSE:XRF) today announced that the
underwriters of its previously announced initial public offering
have exercised in full the option to purchase an additional
1,500,000 American depositary shares ("ADSs") from China Rapid
Finance to cover over-allotments.
Each ADS represents one Class A ordinary share of China Rapid
Finance and was sold at the initial public offering price of
US$6.00 per ADS. Including the
underwriters' full exercise of the over-allotment option, China
Rapid Finance's offering size is a total of approximately
US$69.0 million in the initial public
offering.
Morgan Stanley & Co. International plc, Credit Suisse
Securities (USA) LLC and Jefferies
LLC acted as joint bookrunners for the offering.
A registration statement relating to the securities being sold
in this offering was declared effective by the Securities and
Exchange Commission on April 27,
2017. This offering is being made only by means of a written
prospectus forming part of the effective registration statement. A
copy of the final prospectus relating to the offering may be
obtained, when available, by contacting the prospectus department
at Morgan Stanley & Co. International plc at Room 214, 2nd
Floor, 180 Varick Street, New York,
NY, 10014, by telephone at 1-917-606-8487 or by emailing
prospectus@morganstanley.com; Credit Suisse Securities
(USA) LLC at One Madison Avenue,
New York, NY 10010, United States, attention: Prospectus
Department, by telephone at 1-800-221-1037 or by emailing
newyork.prospectus@credit-suisse.com; or Jefferies LLC at 520
Madison Ave., 2nd Floor, New York,
NY 10022, by telephone at 1-877-547-6340 or by emailing
prospectus_department@jefferies.com.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About China Rapid Finance
China Rapid Finance operates one of China's largest consumer lending marketplaces
in terms of total number of loans, having facilitated approximately
15 million loans to approximately 2 million borrowers at
significantly lower borrowing costs than many of its
competitors.
Investor Relations:
China Rapid Finance Limited
Sean Zhang
Tel: +1 (646) 308-1635
Email: IR@crfchina.com
ICR, Inc.
Xueli Song
Tel: +1 (646) 308-1635
Email: IR@crfchina.com
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SOURCE China Rapid Finance