Jiayin Group Inc. (“Jiayin” or the “Company”) (Nasdaq: JFIN) today
announced the pricing of its initial public offering of 3,500,000
American Depositary Shares (“ADSs”), each representing four of its Class
A ordinary shares, at a price to the public of US$10.50 per ADS for a
total base offering size of US$36.75 million. In addition, the Company
has granted to the underwriters a 30-day option to purchase up to an
additional up to 525,000 ADSs at the public offering price to cover
over-allotments in connection with the offering. After the underwriting
discount and estimated offering expenses payable by the Company, the
Company expects to receive net proceeds of approximately US$29.8
million, before exercise of the over-allotment option. The ADSs are
expected to begin trading on the Nasdaq Stock Market on May 10, 2019,
under the ticker symbol “JFIN”. The offering is expected to close on May
14, 2019, subject to customary closing conditions.
Roth Capital Partners is acting as sole book running manager for the
offering and Shenwan Hongyuan Securities (H.K.) Limited is acting as
co-manager for the offering.
The ADSs described above are being offered by the Company pursuant to a
registration statement previously filed with, and subsequently declared
effective by, the United States Securities and Exchange Commission. The
offering is being made only by means of a written prospectus forming
part of the effective registration statement. A copy of the final
prospectus relating to this offering may be obtained from Roth Capital
Partners, 888 San Clemente Drive, Suite 400, Newport Beach, California
92660, United States of America, telephone: +1 (800) 678-9147, or by
accessing the SEC’s website, www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy the securities described herein, nor
shall there be any sale of these securities in any jurisdiction in which
such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such jurisdiction.
About Jiayin Group Inc.
Jiayin Group Inc. is a leading online individual finance marketplace in
China committed to facilitating effective, transparent, secure and fast
connections between investors and borrowers, whose needs are underserved
by traditional financial institutions. The origin of the business of the
Company can be traced back to 2011. The Company operates a highly secure
and open platform with a comprehensive risk management system and a
proprietary and effective risk assessment model which employs advanced
big data analytics and sophisticated algorithms to accurately assess the
risk profiles of potential borrowers.
Safe Harbor / Forward-Looking Statements
This press release contains “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995
regarding the proposed public offering and the intended use of proceeds
from the offering. The offering is subject to market and other
conditions and there can be no assurance as to whether or when the
offering may be completed or as to the actual size or terms of the
offering. These forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially,
including market conditions, risks associated with the cash requirements
of our business and other risks detailed from time to time in our
filings with the Securities and Exchange Commission, and represent our
views only as of the date they are made and should not be relied upon as
representing our views as of any subsequent date. We do not assume any
obligation to update any forward-looking statements.
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