Larger P2P lenders are increasingly signaling their intentions to go public.
Speaking of China, last week China Rapid Finance (NYSE: XRF) became the second Chinese P2P lender to go public in the US after Yirendai (NYSE: YRD) went out in 2015.
Over the past several years, thousands of P2P lenders have set up in China. The rapid growth has also come with challenges — last February, Chinese authorities busted a $7.6B P2P lender called Ezubao for running a ponzi scheme. While regulators look to enforce sweeping crackdowns including barring online lenders from guaranteeing principal or interest on loans and capping the size of loans, larger P2P lenders are increasingly signaling their intentions to go public.
We used CB Insights to identify four potential Chinese P2P IPO candidates for 2017:
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