Xiaoying Technology successfully listed in the United States, with Yintai Group participating in investment

On September 19 local time in the United States, the Internet financial platform Little Win Technology was officially listed on the New York Stock Exchange, with the security code of "XYF". On its first day of listing, Xiaoying Technology's stock price closed at $11.97, a 26.00% increase from its initial public offering price of $9.5, with a market value exceeding $3.6 billion. As a representative of the investors, Shen Guojun, Chairman of Intime Group, attended the bell ringing ceremony for the listing.

Xiaoying Technology is a leading fintech company in China, with brands including Xiaoying Wangjin, Xiaoying Cardloan, and Xiaoying Wealth Management. Driven by Internet technology and data, the company is committed to providing users with high-quality Internet financial information services, and has achieved rapid growth in recent years. As of December 31, 2016, December 31, 2017, and June 30, 2018, Xiaoying Technology's revenue for the first half of the year was RMB 230.3 million, RMB 1.7869 billion, and RMB 1.8423 billion, respectively. Good corporate growth has been favored by many investors. Xiaoying Technology issued 11 million American Depositary Receipts in this public offering, planning to use the raised funds for general corporate purposes such as product development, sales and marketing, improving technology infrastructure, general affairs and administration, as well as potential acquisitions and investments in technology and business solutions.

In recent years, Intime Group has invested in more than 80 companies, covering fields such as intelligent logistics, intelligent finance, intelligent retail, and new energy. More than 10 companies have completed their IPOs. In the field of intelligent finance, Intime Group has previously invested in well-known companies such as NetEase Bank and Ant Financial.