Final IPO Of 2015, Yirendai, Closes Door On Tough Year

By | December 18, 2015

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Wrapping up a challenging year for initial public offerings, China-based Yirendai (YRD) debuted Friday, closing the door on 2015. As the final IPO of the year on U.S. markets, the provider of an online platform for consumer loans raised $75 million, pricing 7.5 million shares at 10, the midpoint of its range. But Yirendai stock was down 13%, near 8.70, in early afternoon trading on the stock market today. The IPO market in 2015, coming off two Scalper1 News

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