BEIJING, Nov. 3, 2017 /PRNewswire/ -- Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company"), a fast-growing consumer lending marketplace in China, today announced that it has priced and closed its initial public offering of 5,000,000 American depositary shares ("ADSs") at US$10 per ADS for a total offering size of approximately US$50.0 million. Each ADS represents one ordinary share of the Company. The ADSs will begin trading on the NASDAQ Global Market on November 3, 2017 under the ticker symbol "HX".
Network 1 Financial Securities, Inc. acted as the underwriter for the offering.
A registration statement relating to these securities was filed with the Securities and Exchange Commission (the "SEC") and was declared effective on October 24, 2017. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering of the securities was made only by means of a prospectus forming a part of the effective registration statement. A copy of the final prospectus relating to the offering may be obtained by contacting Network 1 Financial Securities, Inc., 2 Bridge Avenue, Suite 241, Red Bank, New Jersey 07701, Attention: Steven Sun, Director, Investment Banking or email email@example.com or by calling +1 (800)-886-7007. In addition, a copy of the final prospectus relating to the offering may be obtained via the SEC's website at www.sec.gov.
About Hexindai Inc.
Hexindai Inc. (NASDAQ: HX) ("Hexindai" or the "Company") is a fast-growing consumer lending marketplace based in Beijing, China facilitating loans to meet the increasing consumption demand of the emerging middle class in China. Hexindai provides borrowers with convenient and ready access to credit through its online marketplace. The Company offers borrowers a wide range of products designed based on customer segmentation data and tailored to the specific needs of the emerging middle class in China. Hexindai offers investors various types of investment products with appropriate risk levels and risk-adjusted returns. With its strong O2O capabilities combining its online platform with an extensive offline network, and an advanced risk management system which is further safeguarded by the Company's strategic cooperative relationships with a custodian bank and an insurance company, Hexindai supports a higher customer satisfaction rate and has experienced rapid growth in China.
Safe Harbor Statement
This announcement may contain forward-looking statements that reflect the Company's current expectations regarding future events. These forward-looking statements can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," ''estimate,'' ''intend,'' ''plan,'' ''believe,'' ''is/are likely to,'' ''potential,'' ''continue'', "grow" or other similar expressions. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, risks and uncertainties associated with the Company's goals and strategies, the Company's future business development, financial condition and results of operations, the expected growth of the credit industry, and marketplace lending in particular, in China, the Company's expectations regarding demand for and market acceptance of our marketplace's products and services, the Company's expectations regarding our marketplace's bases of borrowers and investors, the Company's plans to invest in our platform, the Company's relationships with our strategic cooperation partners, competition in our industry, and relevant government policies and regulations relating to the Company's industry. A list and description of risks, uncertainties and other risk associated with an investment in the Company can be found in the Company's filings with the SEC, including the Form F-1 Registration Statement. The Company undertakes no obligation to update or revise the information contained in this announcement, whether as a result of new information, future events or circumstances or otherwise.
For more information, please visit ir.hexindai.com
For investor inquiries, please contact:
Tel: +86 10 5370 9902 ext. 829
Mr. Christian Arnell
Phone: +86-10- 5900-1548
Mr. Tip Fleming