News

Initial public offerings scheduled to debut next week

NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.

Week of December 14:

Yirendai Ltd. – Beijing, China, 7.5 million American depositary shares, each representing 2 ordinary shares, priced $9 to $11, managed by Morgan Stanley, Credit Suisse, and China Renaissance. Proposed NYSE symbol YRD. Business: Chinese marketplace for peer-to-peer loans spun out of CreditEase.