Chinese P2P firm FinVolution taps HSBC for potential take-private deal: sources [Reuters (UK)]
FinVolution Group American Depositary Shares (FINV)
Company Research
Source: Reuters
Chinese P2P firm FinVolution taps HSBC for potential take-private deal: sources - Reuters 3 Min Read HONG KONG, March 13 (Reuters) - China’s oldest peer-to-peer (P2P) lending company FinVolution Group has asked HSBC to seek out potential investors interested in taking the U.S.-listed firm private, two people with direct knowledge of the discussions said. The search comes as Chinese regulators continue a crack down on the once-booming industry that has been plagued with fraud and scandals. Only 427 P2P firms were still operating by the end of October, down from 6,000 at their 2015 peak, according to official data. Shares in FinVolution, formerly known as PPDAI Group, have dropped steadily since its November 2017 debut in New York, falling from $13 to just $1.51 on Thursday and leaving it with a market capitalisation of $463 million. Any take-private deal is at an extremely early stage and HSBC Group Holdings PLC has not been officially mandated on the transaction, cautioned the people,
Show less
Read more
Impact Snapshot
Event Time:
FINV
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FINV alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FINV alerts
High impacting FinVolution Group American Depositary Shares news events
Weekly update
A roundup of the hottest topics
FINV
News
- FinVolution Group Third Quarter 2024 Earnings: EPS: CN¥2.45 (vs CN¥2.09 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- FinVolution Group (FINV) Q3 2024 Earnings Call Highlights: Strong International Growth and ... [Yahoo! Finance]Yahoo! Finance
- FinVolution Group Reports Third Quarter 2024 Unaudited Financial ResultsPR Newswire
- FinVolution Showcases AI-Powered Credit Innovation at Singapore FinTech Festival 2024 [Yahoo! Finance]Yahoo! Finance
- FinVolution Showcases AI-Powered Credit Innovation at Singapore FinTech Festival 2024PR Newswire
FINV
Sec Filings
- 11/19/24 - Form 6-K
- 10/4/24 - Form SC
- 9/3/24 - Form 144
- FINV's page on the SEC website