Nasdaq Welcomes LexinFintech Holdings Ltd. (NASDAQ: LX) to the Nasdaq Stock Market
December 21 2017 - 11:28AM
LexinFintech Holdings Ltd. (Nasdaq:LX), a leading online consumer
finance platform in China, rang the opening bell at the Nasdaq
MarketSite in Times Square today in celebration of its initial
public offering (IPO) on The Nasdaq Stock Market.
LexinFintech offers convenient and innovative loan products
targeting educated young adults, ages 18-36, in China with high
income potential, high educational background, high consumption
needs, a strong desire to build their credit profile, and an
appreciation for efficient customer experience. Lexin’s online
consumer finance platform, Fenqile, helps address their customers'
credit needs by offering personal installment loans, installment
purchase loans and other loan products. Lexin also offers a wide
variety of products on their e-commerce channel, which allows
customers to use their credit lines to finance purchases. Lexin is
able to match customer loans with diversified funding sources,
including more than 30 funding partners, which include commercial
banks, consumer finance companies, and other licensed financial
institutions, as well as individual investors.
“The IPO on Nasdaq is an important milestone for Lexin, and
today is an exciting day for all our employees, our customers and
our investors,” said Jay Wenjie Xiao, Founder and CEO of
LexinFintech. “As a public company, we are well positioned to
capture the long-term growth potential of educated young adults in
China, and to serve their growing credit and consumption needs.
Looking ahead, we will continue to invest in our financial
technologies to provide better service to our users, and to deliver
value to our shareholders.”
“Entrepreneurs have played a major role in China’s unprecedented
growth. As home to the world’s most innovative companies, Nasdaq is
proud to be the exchange partner for Chinese visionaries as they
make their marks on the world stage,” said Nelson Griggs, President
of the Nasdaq Stock Exchange. “With their unique approach to
financial services, LexinFintech shares the same global ambition as
many Nasdaq listed companies, and we look forward to their
continued success.”
The information contained above is provided for informational
and educational purposes only, and nothing contained herein should
be construed as investment advice, either on behalf of a particular
security or an overall investment strategy. Information about the
company is provided by the company or comes from the company’s
public filings and is not independently verified by Nasdaq. Neither
Nasdaq nor any of its affiliates makes any recommendation to buy or
sell any security or any representation about the financial
condition of any company. Statements regarding Nasdaq-listed
companies are not guarantees of future performance. Actual results
may differ materially from those expressed or implied. Past
performance is not indicative of future results. Investors should
undertake their own due diligence and carefully evaluate companies
before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY
ADVISED.
About NasdaqNasdaq (Nasdaq:NDAQ) is a leading
global provider of trading, clearing, exchange technology, listing,
information and public company services. Through its diverse
portfolio of solutions, Nasdaq enables customers to plan, optimize
and execute their business vision with confidence, using proven
technologies that provide transparency and insight for navigating
today’s global capital markets. As the creator of the world’s first
electronic stock market, its technology powers more than 90
marketplaces in 50 countries, and 1 in 10 of the world’s securities
transactions. Nasdaq is home to approximately 3,900 total listings
with a market value of approximately $12 trillion. To learn more,
visit: http://business.nasdaq.com
MEDIA RELATIONS CONTACT:
- Stephanie Lowenthal
- (646) 441-5073
- Stephanie.Lowenthal@nasdaq.com
|
- Emily Pan
- (646) 441-5120
- emily.pan@nasdaq.com
|
- NDAQG -
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/c8192d5d-78e6-44ac-9833-4342f24d16f3http://www.globenewswire.com/NewsRoom/AttachmentNg/fe7f7912-da76-4e5f-a491-52d19de9d7cd
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