LexinFintech Holdings (LX) began trading on the Nasdaq on Thur 21 Dec 17

The company was formerly known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017.

• Sector(s): Financial Services
• Industry: Credit Services
• Full Time Employees: 3,227
• Founded in 2013 
• Headquartered in Shenzhen, China.
• http://www.lexin.com

Priced its IPO of 12,000,000 American depositary shares (ADSs), at 9.00 U.S. dollars per ADS for a total offering size of approximately 108 million dollars, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs.

Each ADS represents two Class A ordinary shares.

In addition, Lexin's 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 1,800,000 additional ADSs to cover over-allotments.

Lexin started trading at 11.80 dollars per share on Thursday, jumping 31.1 percent from its pricing, and was traded at 11.00 dollars apiece around midday.

As an online provider of installment-based loans to young Chinese consumers, the company had 3.3 million active customers in the nine months ended September 30, 2017, representing a 103-percent increase and a 34-percent increase from 2015 and the nine months ended Sept. 30, 2016, respectively.