Lexinfintech delays US IPO pricing as China reins in micro-lending

Lexinfintech delays US IPO pricing as China reins in micro-lending

REUTERS/Shannon Stapleton

Chinese consumer lending firm Lexinfintech will delay the pricing of its planned Nasdaq IPO to conduct more due diligence, a source with direct knowledge of the situation said – a move that comes after Beijing issued new rules to tighten control of the micro-loan sector.

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