Chinese home loan provider CNFinance prices scaled-back US IPO

Chinese home loan provider CNFinance prices scaled-back US IPO

Trading floor of the New York Stock Exchange (NYSE).

CNFinance Holdings Ltd, a Guangzhou-based home equity loan service provider in China, has scaled back its initial public offering (IPO) target in the US from $200 million in July to a mere $48.75 million, according to its amended SEC filing.

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