QFIN - 360 Finance: Management Stock Purchase Plan Shows Strong Confidence
Investment Thesis
360 Finance, Inc. (NASDAQ: QFIN) released the investment plan of up to $60 MM from the management and FountainVest Partners in the next 12 months. We believe this is a strong signal that the management and other significant shareholders are confident about the company. Two consecutive investments from FountainVest Partners in a short period of time lead us to believe that they are fully committed to QFIN. Without any change to the fundamentals, we are more optimistic about the company.
Stock Purchase Plan from Management
On December 11th, 360 Finance (the company)