Senmiao Technology, an early-stage Chinese marketplace for peer-to-peer lending, announced terms for its IPO on Tuesday.
The Chengdu, China-based company plans to raise $14 million by offering 3.3 million shares at a price range of $4.00 to $4.50. At the midpoint of the proposed range, Senmiao Technology would command a market value of $109 million.
Senmiao Technology was founded in 2014 and plans to list on the Nasdaq under the symbol AIHS. ViewTrade is the sole bookrunner on the deal.
