NEW YORK, Nov. 03, 2017 (GLOBE NEWSWIRE) -- Hexindai, Inc. (Nasdaq:HX), a fast-growing consumer lending marketplace facilitating loans to meet the increasing consumption demand of the emerging middle class in China, rang the opening bell at the Nasdaq MarketSite in Times Square today in celebration of its initial public offering (IPO) on The Nasdaq Stock Market.
A photo accompanying this announcement is available at http://ift.tt/2zdYnGm
China represents the largest and fastest growing marketplace lending market in the world. Hexindai has built a multi-channel marketplace to reach and serve borrowers and investors, leveraging both their online platform and the nationwide physical networks of their offline cooperation partner, Hexin Group, which is majority-owned by their controlling shareholder. They provide borrowers with convenient and ready access to credit, a wide range of products designed based on customer segmentation data, and offer investors various types of investment products with appropriate risk levels and risk-adjusted returns.
“Since the founding of the company, we have made it our mission to serve customers in good faith, and to be responsible to each and every one of them. This approach has helped us develop into the company that we are today and leads us to today’s listing on NASDAQ which we are very proud of,” commented Zhou Xinming, Chief Executive Officer, Hexindai.
“Hexindai offers the emerging middle class in China the consumer finance they need,” said Bob McCooey, Senior Vice President, Listing Services, Nasdaq. “We’re proud to partner with them as they continue their success as a publicly traded company.”
The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. Information about the company is provided by the company or comes from the company’s public filings and is not independently verified by Nasdaq. Neither Nasdaq nor any of its affiliates makes any recommendation to buy or sell any security or any representation about the financial condition of any company. Statements regarding Nasdaq-listed companies are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance is not indicative of future results. Investors should undertake their own due diligence and carefully evaluate companies before investing. ADVICE FROM A SECURITIES PROFESSIONAL IS STRONGLY ADVISED.
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