|Bid||12.75 x 800|
|Ask||12.95 x 900|
|Day's Range||12.50 - 12.95|
|52 Week Range||9.90 - 17.53|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Now, in another troubling sign for the industry, some of the biggest investment banks have stopped taking them public. Wall Street firms including Goldman Sachs Group Inc. and Citigroup Inc. walked away from U.S. initial public offerings of Chinese P2P lenders in recent months, people with knowledge of the matter said. The rare show of concern by major banks highlights the plight of a sector that’s already lost the confidence of lenders, investors and regulators.
SHANGHAI, China, Jan. 14, 2019 (GLOBE NEWSWIRE) -- 360 Finance, Inc. (QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform and the finance partner of the 360 Group connecting over one billion accumulated mobile devices, today announced that it has adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606), and all subsequent ASUs that modified ASC 606 in the 4th quarter of 2018 and for the full year of 2018, and have elected to apply it retrospectively for the year ended December 31, 2017, in order to provide more comparable insights of the Company’s performance with industry peers. The cumulative adjustment as a result of transitioning to the new accounting policy will primarily arise from the timing of revenue recognition for service fees collected in monthly instalments related to the Company’s loan products being recognized earlier under the ASC 606.
360 Finance, an online consumer loan platform that spun off from China's anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last two years. The company priced its initial public offering at $16.50 per share last Friday, raising $51 million by selling 3.1 million American depositary shares. 360 Finance's net loss widened to 572 million yuan, or $86.4 million, for the six months ended June 30 compared to 67 million yuan for the same period of 2017.
Chinese fintech company, 360 Finance Inc. has filed to begin trading on the NASDAQ under the ticker symbol “QFIN.” The Details 360 Finance has experienced significant and consistent growth, with a compound ...
SHANGHAI, China, Dec. 14, 2018 -- 360 Finance, Inc. (NASDAQ: QFIN) (“360 Finance” or the “Company”), a leading digital consumer finance platform and the finance partner of the.