At a time when the domestic media and the public were cheering for "Chinese billionaire Li Yonghong threw 740 million euros to buy the Rossoneri".

Zhang Yida stood on the bell ring platform of the New York Stock Exchange for the second time and knocked down the small gavel in his hand.

Yimin Loan was successfully listed!

The stock issuance code of Yimin Loan is "YMD", and the original issue price range is US$13.5/ADS-US$15.5/ADS, and 30 million ADSs are planned to be issued.

Among them, 27 million new shares of ADS, 3 million old shares of ADS, plus the over-allotment part, the highest issuance of 34.5 million ADS.

In view of the popularity of the roadshow, the issue price of Yimin Loan was set at US$15.5 per ADS.

It opened at $19.4, up 25.2% from the issue price, with a market capitalization of $4.482 billion and a static price-to-earnings ratio of 42.7 times.

The IPO raised a total of US$534.75 million, deducting investment bank issuance fees and various related audit fees, and actually raised US$502.66 million.

Of this, $452.4 million went into the account of Yimin Loan, and the other $50.26 million was cashed out by Zhang Yida.

After the completion of the listing and cash-out, Zhang Yida's shareholding ratio decreased from 41.84% to 34.73%.

Stimulated by this news, the stock prices of Yimin Netgold and Yimin Wealth both rose slightly.

"Mr. Zhang, as the first share of domestic consumption installment, what do you want to say to latecomers?"

After the bell ringing ceremony, domestic reporters immediately surrounded Zhang Yida and his party, set up long guns and short guns, and conducted interviews on the square outside the New York Stock Exchange.

"I hope that more and more outstanding companies in China will be successfully listed, and at the same time, I hope that everyone will embrace compliance, restrain themselves with strict standards, and make inclusive finance better and ......stronger."

A reporter asked: "What does Mr. Zhang think about the campus loan incident and the violent collection, and how does Yimin Loan deal with overdue users?"

Zhang Yida has long been accustomed to the media's provocation, and replied calmly: "First of all, I would like to state that the lending business engaged in by Yimin Loan strictly abides by laws and regulations.

Campus loans are absolutely impossible to happen to Yimin Loan, because we do not issue loans to borrowers under the age of 23.

Our clients are white-collar and blue-collar workers with stable jobs and sources of income.

As for violent collection, Yimin Loan is strictly prohibited.

How banks deal with overdue users, that's how we deal with them.

For example, report to the central bank for credit information, and report the default data to Mung Bean Credit......

I have always believed in the saying that violence does not solve problems, it only exacerbates them.

Yimin Loan has joined forces with a number of financial technology companies such as Ruixiang and Yimin Netfinance to form an "alliance to crack down on the elderly".

It is very simple to understand that the user will ruin his credit if he is overdue, and he will not be able to borrow money from other formal financial institutions.

This is also a kind of deterrent, and the deterrence of the old lai is very helpful to the construction of "credit China" and "harmonious society". ”

The slippery Zhang Yida made reporters unable to find flaws, and some people did not believe in evil and continued to stir up trouble.

"Together with Yimin Loan, it is listed today, and there is also Xinzhifu. However, Xinerfu suffered a waterloo, and it is said that the original price range was $9.5-$11.5, and the planned financing scale was $105 million.

However, in the end, the offering price was lowered to $6 per ADS, and the size of the financing was reduced by 40% to $60 million.

I heard that Mr. Shen Yunqing, the CFO, cried a lot about this, thinking that he had sold the company cheaply.

However, the IPO of Yimin Loan was a great success, what does Mr. Zhang think about this?

Zhang Yida knows that the valuation of this company reached $1 billion last year.

As a result, the market value of the IPO was only $420 million after listing, which can be called a "bloody listing".

Zhang Yida knows where the reason is, this company was established in 01, the first to make a credit card risk control system for banks, and later entered the P2P and cash loans, and has gone through 16 years.

In the past three years, in addition to making a profit of more than 100,000 US dollars in 14 years, it has lost more than 30 million US dollars in 15 and 16 years.

Lending cash loans are all losses, isn't it talent?

The real reason is that the boss is too idealistic, the interest rate on the loan is set too low, and the customer group is not right.

In the past two years, Sino and QQ jointly launched a cash loan portal.

More than 1.5 million loans were issued in a single month, and the amount of data is terrifying.

At that time, the executives of Yimin Netfinance and Yimin Loan all approached Zhang Yida and asked him to have a relationship with the penguin, so that everyone could hug the penguin's thigh.

At that time, the specific amount of that product was 100-500 yuan, and the repayment period was 1-14 days.

Borrow 500 yuan and borrow for 14 days, the interest is 4.2 yuan, which is equivalent to 6/10,000 of the daily interest. In addition, there seems to be a five-dollar handling fee.

Strictly calculated, the daily interest rate is not low, but compared with all kinds of anti-aircraft players, it can be called the conscience of the industry.

The penguins asked them to play with them, but they didn't feel good.

Penguin provides dimensional classification of social data, including Internet time, QQ account, chat history, group records, etc.

Xinerfu modeled according to these dimensions, and then handed over the model to Penguin.

Penguin imported user data into this model to run scores, screened out users who met the requirements, and it is said that 50 million target users were screened.

Hand Q pushes cash loan information to these users in batches.

If a user doesn't receive this ad pop-up, they aren't the target user.

For Penguin, it is actually trying to apply credit data.

Because the credit data of these 50 million users, including whether to repay the loan, whether it is overdue, etc., is shared by both parties.

Consumption data and social data are not as direct as repayment data, and they are also the verification of the financialization of social data, which is of great significance to the drive of credit reporting model and the improvement of scoring.

For Xinerfu, it is to save the cost of customer acquisition. At the same time, the model verification is successful, and it can also cooperate with companies with rich data and corresponding scenarios such as China Mobile and Dianping.

The user's limit will also be increased as the user continues to repay the contract. In this way, the re-lending rate of the platform is improved, and credit data is also accumulated to reduce the overdue rate.

But the ideal is beautiful, and the reality is skinny.

The data has almost accumulated, and WeLoan is online.

Believe and be rich, just stay where it's cool.

This is the sadness of not having traffic and platforms in hand, and good ideas and ideas cannot be realized.

For Wang Zhengyu, the founder of Xinerfu, Zhang Yida is still full of respect.

No matter what happens to the letter and wealth later, the starting point of people's "inclusive finance" is still good.

It's just that the domestic water is too muddy, and honest people suffer!

"He is a person who cherishes his feathers very much, the interest rate resolutely does not break the 24% line set by the state, he is not the same as other financial practitioners, he is not a businessman who is obsessed with profits."

This is the evaluation of Wang Zhengyu by a person in charge of the central bank.

"Yimin Loan and Xinerfu are two companies, one is consumption installment and the other is P2P, which is not easy to compare.

There is no conclusion that who is strong or who is weak, there is a mutual encouragement and mutual learning.

I have to say a few differences, first, the total amount of loans we make is several times that of theirs, and second, we focus on scenario installments, and they focus on cash loans......"

In fact, Zhang Yida didn't say anything, "I am a grassroots in China, and Wang Zhengyu is a Chinese-American, a Ph.D. from the University of Chicago and a returnee elite in the 90s." ”

Hujin is such an evil sect, there are more grassroots counterattacks, and those from the wild road beat the returnees to death.

If we have to analyze it from objective factors, that is, the grassroots are down-to-earth, understand the national conditions, and dare to venture out, while returnees are just the opposite.

Shen Beipeng, Xu Xiaoming and others stood on the side, looking at Zhang Yida, who was surrounded by enthusiastic reporters.

"Hey, I heard that Xinerfu is "bleeding and going public"?" Xu Xiaoming asked Shen Beipeng, who was standing beside him.

Shen Beipeng sighed, "Yes, the only thing to save some face is that there is no break, and the opening price is $6.65, an increase of 10.8% from the issue price."

I don't know what happens when the market closes?"

"Do you say that Internet finance is going to be cold? Otherwise, a person as good as Yida Kid will not be able to cash out in all kinds of fancy ways.

I heard that Yimin Net Gold and Yimin Wealth were there, and he began to reduce his holdings. Do you black shirts want to run?"

Shen Beipeng said with a smile: "Yimin Net Gold, we are about to finish the clearance." Yimin wealth is okay, and he doesn't lend.

As for the letter and wealth, I think it is caused by the fact that the financial report is too ugly. ”

"I heard that this month, a girl in Xiamen committed suicide by burning charcoal because she couldn't repay the loan?"

Speaking of this, Xu Xiaoming's eyes were complicated.

He said, "Yida, do you want to remind you of the red line of lending?"

Shen Beipeng shook his head, "At most, it will be below 36%, and no matter how low it is, the letter and wealth today will be the tomorrow of Yimin Net Finance and Yimin Loan."

This is the general trend determined by the customer base and the cost of capital, and anyone who violates it will only be ruthlessly crushed by the general trend.

Business and sentiment cannot be confused.

In fact, because of the compliance with the 36% red line, the profit margin of Yimin Loan and Yimin Netfinance is already much lower than that of Clapping Loan and Miao Installment. ”

Xu Xiaoming nodded, he also knew how powerful it was. In this industry, soft-heartedness can only be used as a backing for others.