Hexindai, a Chinese marketplace for peer-to-peer lending, raised $50 million by offering 5 million ADSs at $10. The company had planned to offer 2.7 million to 8.9 million ADSs at a range of $9 to $11 in a min-max, best-efforts IPO. Network 1 Financial Securities acted as a lead manager on the deal. On Friday, Hexindai began trading on the Nasdaq under the symbol HX. The stock ended its first day at $12.66 (+27%) but traded down to $10.98 (-13%) on Monday.
