VCREDIT Holdings in $186 Million IPO

July 12, 2018

Cleary Gottlieb represented Credit Suisse Ltd. (Hong Kong), Goldman Sachs LLC (Asia), and JPMorgan Securities Ltd. (Far East) as joint sponsors and joint global coordinators in the $186 million initial public offering, including over-allotment option, of VCREDIT Holdings Ltd.

The shares began trading on the Hong Kong Stock Exchange on June 21, 2018, and the over-allotment option was partially exercised on July 12, 2018.

VCREDIT Holdings Ltd. is a leading independent online consumer finance service provider in China.