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Hexindai Priced, Nasdaq: HX

Chinese marketplace for peer-to-peer lending.

Industry: Technology

First Day Return: +26.6%

Industry: Technology

We are a fast-growing consumer lending marketplace facilitating loans to meet the increasing consumption demand of the emerging middle class in China. These people are typically 31 to 45 years old with an average monthly income of RMB 3,000 to RMB 7,000. We believe the financing needs of this segment of consumers in China have been largely underserved due to the lack of an easily-accessible credit market. We facilitate loans between borrowers and investors, provide borrowers with ready access to credit and investors with risk-adjusted return.
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Hexindai (HX) Performance