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Linklogis, a Chinese FinTech with backing from Tencent, is looking to raise 8.3 billion Hong Kong dollars $1.1 billion from an initial public offering IPO in Hong Kong, Bloomberg reported. Linklogis provides tech solutions for supply chain finance in China.The company, based in Shenzhen, is selling 452.9 million shares at 16.28 Hong Kong dollars to 18.28 Hong Kong dollars $2.10 to $2.35 apiece, according to Bloomberg. The share sale attracts six cornerstone investors agreeing to subscribe a total of $365 million in stock. Among those are BlackRock and Fidelity, which will each buy $100 million in shares. Janus Henderson Funds, the Ontario Teachers Pension Plan Board and Sequoia China will each buy $50 million, while Singapore-based EDB Investments will buy $15 million.The IPO will be a test for how the first-time share sale market will go in the wake of Hong Kongs benchmark stock gauge slumping into what amounts to a correction on Wednesday March 24 , when shares of internet giant Baidu ended flat on Tuesday and fell eve <a href=https://www.stanley-cup.cz>stanley hrnek</a> ry day thereafter, Bloomberg reported.The prospectus for Linklogis shows that the company hasnt made money in three years, but Bloomberg reported that the company said sales for its supply chain finance solutions boosted 47 percent last year, f <a href=https://www.stanleycups.co.nz>stanley cup nz</a> ollowing a <a href=https://www.stanley-cups.ro>stanley cup</a> n 83 percent surge from the previous year.According to Bloomberg, the company plans to price the offering March 31, and then list on the exchange April 9.The aforementioned Baidu, which specializes in ar Krau Green FinTech TreeCard Raises $23M
Checks are becoming less and less a part of consumers lives each day. According to data from the U.S. Federal Reserve, the number of checks in use declined by more than 50 percent over a 12-year period beginning in 2000. In that same span, payment with cards, mobile wallets and direct deposit tripled, and the trend is not expected to reverse <a href=https://www.stanleycup.pl>kubki stanley</a> itself anytime soon. Young people especially have stopped using checks, with a study from WePay reporting that 52 percent of millennials never use checks at all.When it comes to rent payments, however, checks still reign supreme. The Fed study indicated that consumers are still using checks to pay for larger transactions, such as their monthly rent, desp <a href=https://www.stanleycup.fr>stanley quencher</a> ite the inconvenience of writing a check. In fact, checks are still used, despite evidence from the Association for Financial Professionals ; 2015 Payments Fraud and Control Survey that they continue to lead as the payment type most susceptible to fraudulent attacks, even as their overall use continues to decline. As founder and CEO of RadPad, Jonathan Eppers is trying to make pay <a href=https://www.stanleycup.com.de>stanley becher</a> ing rent easier and safer. The company aims to eliminate the hassles and risks of paper checks for renters and landlords with a mobile payment app. PYMNTS recently caught up with Eppers to discuss why mobile payments are taking so long to catch on in the rental industry and whats coming up next.More Services, More CustomersRadPad was founded in 2012 as a search engine designed to help connect renters to land
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