MDLA - U.S. IPO Week Ahead: A Kansas Bank And A Chinese Fintech Wrap Up The Summer IPO Market
A Kansas bank and a Chinese fintech are scheduled for the week ahead, the last crop of offerings before the IPO market's annual August break.
CrossFirst Bankshares (CFB) has about $4.6 billion in assets, with seven locations across KS, OK, TX, and MO. While its efficiency ratio and ROE are below peers, the bank has achieved relatively faster growth, and its return metrics are improving.
Chinese lending platform 9F (JFG) offers digital financial accounts to consumers, serving borrowers, investors, and merchants. Revenue declined 18% in 2018 to $789 million due to stepped-up lending regulation in