China’s PE-backed internet finance firm VCredit raises $152m in HK IPO

Photo: REUTERS/BOBBY YIP

VCredit, an independent online consumer finance service provider in China, has raised HK$1.19 billion ($152 million) in its IPO in Hong Kong after selling 78.7 million shares at HK$20 each, the lower end of its offer price range, according to its filing Wednesday.

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