China's online micro-credit provider Qudian Inc raised $900 million in an IPO that priced above expectations, underscoring robust U.S. investor demand for fast-growing Chinese companies.
The offering from Qudian represents the biggest-ever U.S. listing by a Chinese financial technology company. It is also the most high-profile company to take part in a resurgence of U.S. listings by Asian companies this year.
Qudian, which is backed by Alibaba affiliate Ant Financial and became profitable last year, operates a website that allows college students and young white-collar workers to buy laptops, smartphones and other consumer electronics in monthly installments.
Its American depositary shares were priced at $24 each, above the marketed range of $19-$22.
