Jiayin Group’s $42.3 Million Initial Public Offering

Simpson Thacher represented the underwriters, Roth Capital Partners and Shenwan Hongyuan Securities, in connection with the initial public offering and listing on the Nasdaq Stock Market of Jiayin Group Inc. (“Jiayin Group”).

The offering was comprised of 4,025,000 American Depositary Shares (“ADSs”), representing 16,100,000 Class A ordinary shares, including full exercise of the underwriters’ overallotment option. The total offering size was US$42.3 million.

Jiayin Group is a leading online individual finance marketplace in China connecting individual investors and individual borrowers. Jiayin Group’s ADSs are traded on the Nasdaq Stock Market under the symbol “JFIN.”

The Simpson Thacher team for the transaction included Chris Lin (Picture), Yi Gao, Andrew Laub and Sarah Tang (Capital Markets); Robert Holo and Kelli Rivers (Tax); and Jennie Getsin (FINRA).

Involved fees earner: Yi Gao – Simpson Thacher & Bartlett; Jennie Getsin – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Andrew Laub – Simpson Thacher & Bartlett; Chris Lin – Simpson Thacher & Bartlett; Kelli Rivers – Simpson Thacher & Bartlett; Sarah Tang – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Roth Capital Partners, LLC; Shenwan Hongyuan Capital (H.K.) Limited ;


Author: Michael Patrini