BEIJING, Oct. 18, 2017 /PRNewswire/ -- Qudian Inc.
("Qudian" or the "Company") (NYSE:
QD), a leading provider of online small consumer credit products in
China, today announced the pricing
of its initial public offering of 37,500,000 American depositary
shares ("ADSs") at a price to the public of US$24.00 per ADS for a total offering size of
approximately US$900.00 million,
assuming the underwriters do not exercise their option to purchase
additional ADSs. Each ADSs represent one Class A ordinary share.
The ADSs are expected to begin trading on the New York Stock
Exchange today under the symbol "QD."
Of the total 37,500,000 ADSs offered, 35,625,000 ADSs are being
offered by the Company and 1,875,000 ADSs are being offered by
selling shareholders. In addition, the selling shareholders have
granted the underwriters an option, exercisable within 30 days from
the date of the final prospectus, to purchase up to an aggregate of
5,625,000 additional ADSs to cover over-allotments.
Morgan Stanley & Co. International plc, Credit Suisse
Securities (USA) LLC, Citigroup
Global Markets Inc., China International Capital Corporation Hong
Kong Securities Limited and UBS Securities LLC are acting as lead
bookrunners for the offering, while Stifel, Nicolaus and Company,
Incorporated, Needham & Company, LLC and Nomura Securities
International, Inc. are acting as co-managers.
A registration statement related to these securities has been
filed with, and declared effective by, the United States Securities
and Exchange Commission. This press release shall not constitute an
offer to sell or a solicitation of an offer to buy, nor shall there
be any sale of these securities in any state or jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or jurisdiction.
This offering is being made only by means of a prospectus
forming part of the effective registration statement. A copy of the
final prospectus relating to the offering may be obtained, when
available, by contacting the prospectus department at Morgan
Stanley & Co. International plc at Room 214, 2nd Floor, 180
Varick Street, New York, NY,
10014, United States, by telephone
at 1-917-606-8487 or by emailing
prospectus@morganstanley.com; Credit Suisse Securities
(USA) LLC at One Madison Avenue,
New York, NY 10010, United States, attention: Prospectus
Department, by telephone at 1-800-221-1037 or by emailing
newyork.prospectus@credit-suisse.com; Citigroup Global
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, NY 11717,
United States, telephone:
+1-800-831-9146; China International Capital Corporation Hong Kong
Securities Limited at 28th Floor, 350 Park Avenue New York, NY, 10022, United States, by telephone at 1-646-794-8800
or by emailing g_prospectus@cicc.com.cn; or
UBS Securities LLC at 1285 Avenue of the Americas, New York, NY, 10019, United States, by telephone at
+1-888-827-7275; or Stifel, Nicolaus & Company,
Incorporated, One Montgomery Street,
Suite 3700, San Francisco, CA
94104, United States,
by telephone at +1-415-364-2720, or by emailing
syndprospectus@stifel.com; or Needham & Company, LLC,
Attention: Syndicate Prospectus Department, 445 Park Avenue, 4th
Floor, New York, New York 10022,
or by telephone at 1-800-903-4696, or by email at
prospectus@needhamco.com; or Nomura Securities International Inc.
at Worldwide Plaza 309 West 49th Street New York, NY 10019-7316, United States, by telephone at
212-667-9000, or by emailing at
atequitysyndicateamericas@nomura.com.
About Qudian Inc.
Qudian Inc. ("Qudian") is a leading provider of online small
consumer credit in China. The
Company uses big data-enabled technologies, such as artificial
intelligence and machine learning, to transform the consumer
finance experience in China. With
the mission to use technology to make personalized credit
accessible, Qudian targets hundreds of millions of young,
mobile-active consumers in China
who need access to small credit for their discretionary spending,
but are underserved by traditional financial institutions due to
lack of traditional credit data and operational inefficiencies of
traditional financial institutions. Qudian's data technology
capabilities combined with its operating efficiencies allow the
Company to understand prospective borrowers from different
behavioral and transactional perspectives, assess their credit
profiles with regard to both their willingness and ability to repay
and offer them instantaneous and affordable credit products with
customized terms, and distinguish Qudian's business and
offerings.
For more information, please visit http://ir.qudian.com
For investor and media inquiries, please contact:
In China:
Qudian Inc.
Sissi Zhu
Tel: +86 (10) 5948-5220
E-mail: ir@qudian.com
The Piacente Group, Inc.
Ross Warner
Tel: +86 (10) 5730-6200
E-mail: qudian@tpg-ir.com
In the United States:
The Piacente Group, Inc.
Alan Wang
Tel: +1-212-481-2050
E-mail: qudian@tpg-ir.com
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SOURCE Qudian Inc.