Pintec Technology Holdings, which operates an online platform that facilitates merchant financing in China, raised $44 million by offering 3.7 million ADSs at $11.88, within the $10 to $12 range. Insiders and one of the company's business partners indicated an interest in investing up to $34 million (77% of deal size) and $20 million (45%) worth of ADSs, respectively, on the IPO. At pricing, the Beijing, China-based company will command a fully diluted market value of $520 million and an enterprise value of $609 million (+7%). Pintec Technology Holdings plans to list on the Nasdaq under the symbol PT. Goldman Sachs (Asia), Deutsche Bank and Citi acted as lead managers on the deal.