PPDAI Group Shares Rise in NYSE Debut
Shares of China-based peer-to-peer lending platform PPDAI Group (PPDF) moved higher by 3% following its IPO on Friday. The stock was priced at $13 per share.
Shares of China-based peer-to-peer lending platform PPDAI Group (PPDF) moved higher by 3% following its IPO on Friday. The stock was priced at $13 per share.
CEO Jun Zhang said the company uses artificial intelligence to assess customer credit worthiness and the average loan size is "several thousand dollars."
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