LexinFintech surges in US debut after raising $108m in downsized IPO

LexinFintech surges in US debut after raising $108m in downsized IPO

Pedestrians walk past commercial buildings illuminated at dusk in the Lujiazui Financial District in Shanghai, China. Photographer: Qilai Shen/Bloomberg

Chinese online lender LexinFintech Holdings Ltd’s shares surged in their U.S. market debut on Thursday, brushing aside worries related to Beijing’s recent crackdown on the booming micro-credit industry.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter