Lexinfintech cuts U.S. IPO size in the wake of Beijing cracking down on micro-lenders

Lexinfintech cuts U.S. IPO size in the wake of Beijing cracking down on micro-lenders

Photo: REUTERS/Brendan McDermid/Files

Chinese consumer lending firm Lexinfintech has slashed the size of its initial public offering to between $108 million and $132 million – a move that comes in the wake of a crackdown by Beijing on fast-growing online micro-lenders.

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