NetworkNewsBreaks – Jiayin Group Inc. (NASDAQ: JFIN) Closes $42.3 Million IPO
Jiayin Group (NASDAQ: JFIN) has closed its initial public offering of 4,025,000 American Depositary Shares (“ADS”), including an additional 525,000 ADSs per the full exercise of the over-allotment option granted to the underwriters. The offering resulted in gross proceeds for Jiayin Group of approximately $42.3 million, with each ADS representing four of its Class A ordinary shares, sold at the public offering price of $10.50 per ADS. The ADSs began trading on the Nasdaq Stock Market under the “JFIN” ticker symbol on May 10, 2019. ROTH Capital Partners acted as sole book-running manager for the offering. To view the full…







