LexinFintech, the instalment buying platform operator backed by Bertelsmann, JD.com and Taikang, had initially targeted $500m in the offering.

LexinFintech, the China-based e-commerce finance company backed by media group Bertelsmann and e-commerce firm JD.com, raised $108m yesterday when it floated in the US. The company issued 12 million American depositary shares (ADSs) priced at $9.00 each on the Nasdaq Global Market, at the bottom of the IPO’s $9 to $11 range. It had initially…

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