China's P2P lender Dianrong mulls 2017 IPO

The Chinese peer-to-peer lender postponed a private funding round that was due to complete in March after the industry was rocked by a Ponzi scandal.

Chinese peer-to-peer P2P lender Dianrong.com is mulling a share float as early as next year, once Beijing's crackdown on illegal online fundraising takes full shape, according to the company's co-founder and chief executive Soul Htite. 

I hope that it is next year, Htite told FinanceAsia on Wednesday on the sidelines of an industry conference in Hong Kong, when pressed on the subject on an initial public offering, after the company postponed a round of private funding.

An IPO would test investor confidence in China’s burgeoning but largely unregulated P2P industry after the mainland authorities in late January shut down Ezubao alleging fraud and...

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