LexinFintech starts IPO amid sector crackdown

Beijing’s recent crackdown in the peer-to-peer lending sector does not seem to have affected the fundraising plans of some online micro lenders.

LexinFintech is braving Beijing’s crackdown on peer-to-peer lending with a US share sale worth up to $132 million, banking on the market's overall bullish sentiment to steer the reduced offering through the sector's difficulties.

¬ Haymarket Media Limited. All rights reserved.

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