Chinese P2P Lenders Face IPO Challenges

The biggest investment banks including Goldman Sachs and Citi have stopped taking Chinese p2p lenders public as a result of the current p2p lending market in China; however the p2p lenders involved, 360 Finance and Jiayin Group were able to move forward once they found new underwriters for the deal; Credit Suisse and JPMorgan made similar moves citing concerns over the lack of investor interest in a deal; the news is the latest blow to the industry as authorities wind down small and medium sized platforms. Source

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