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Unlocking wealth in China: Jianpu Technology files for a $200 million US IPO

October 20, 2017
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Jianpu Technology, a Chinese wealth management platform, filed on Friday with the SEC to raise up to $200 million in an initial public offering.

The Beijing, China-based company was founded in 2011 and booked $89 million in sales for the 12 months ended June 30, 2017. It has not disclosed a ticker or exchange choice, but plans to target either the NYSE or Nasdaq. Jianpu Technology filed confidentially on August 11, 2017. Goldman Sachs (Asia), Morgan Stanley and J.P. Morgan are the joint bookrunners on the deal. No pricing terms were disclosed.