ROTH Capital Partners Acts as Sole Book-Running Manager
For CNFinance Holdings Limited (NYSE: CNF)
in its $52 Million IPO

   

For more information please contact:

Investment Banking
Jesse Pichel
Managing Director
(646) 358-1919
jpichel@roth.com
 
Robert Stephenson
Managing Director
(949) 720-5750
rstephenson@roth.com

Brian Kremer
Director
(949) 720-5726
bkremer@roth.com


Equity Capital Markets
Aaron Gurewitz
Head of Equity
Capital Markets
(949) 720-5703
agurewitz@roth.com
 
Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com
 
Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
CNFinance Holdings Limited (NYSE: CNF), a leading home equity loan service provider in China, has completed its initial public offering of 6,925,000 American Depositary Shares ("ADSs"), which includes an additional 425,000 ADS pursuant to a partial exercise of the over-allotment option granted to the underwriters. The ADS represented 20 ordinary shares and were sold at the public offering price of $7.50, resulting in the gross proceeds for CNFinance Holdings Limited of approximately $52 Million. The ADSs began trading on the New York Stock Exchange on November 7, 2018 under the ticker symbol "CNF."

ROTH Capital Partners acted as sole book-running manager for the offering.

About CNFinance Holdings Limited
CNFinance Holdings Limited (NYSE: CNF) is a leading home equity loan service provider in China. CNFinance facilitates loans by connecting micro- and small-enterprise ("MSE") owners with its funding partners. The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China. The loans CNFinance facilitates are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide. The Company's risk mitigation mechanism is embedded in the design of its loan products, supported by an integrated online and offline process focusing on risks of both borrowers and collateral and further enhanced by effective post-loan management procedures.
(Source: Company Press Release | 11/6/18)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. For more information on ROTH, please visit www.roth.com.

Date of Announcement: 11/15/18

The material, information and  facts discussed in this announcement other than the information regarding ROTH Capital Partners, LLC ("ROTH") and its affiliates, are from sources believed to be reliable, but are in no way guaranteed to be complete or accurate. This announcement should not be used as a complete analysis of any companies, securities or topics discussed herein. Additional information is available upon request. This is not, however, an offer or solicitation of the securities discussed. Any opinions or estimates in this announcement are subject to change without notice. An investment in any security based on this announcement may involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additionally, such investments may involve a high degree of risk and may not be suitable for all investors. No part of this announcement may be reproduced in any form without the express written permission of ROTH. Copyright 2018.