NetworkNewsBreaks – China Internet Nationwide Financial Services, Inc. (NASDAQ: CIFS) Prices $20M Initial Public Offering

China Internet Nationwide Financial Services (NASDAQ: CIFS) this morning announced the pricing of its initial public offering of 2,023,146 of its ordinary shares at $10 per unit. The provider of financial advisory services to the underserved small-to-medium-sized enterprises (“SMEs”) market in China said its shares are expected to begin trading on the NASDAQ Global Market on August 8, 2017, under the symbol “CIFS.” FBR Capital Markets & Co. and B. Riley & Co., LLC are acting as joint book-running managers for the offering. The company has granted the underwriters a 45-day option to purchase up to 3,000,000 additional units at the initial public offering price to cover over-allotments, if any exist.

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About China Internet Nationwide Financial Services, Inc.

Incorporated in 2014 and headquartered in Beijing, China Internet Nationwide Financial Services Inc. (“CIFS” or the “Company”) provides financial advisory services, including commercial payment advisory, intermediary bank loan advisory, and international corporate financing advisory, to meet the financing and capital needs of its clients, comprised largely of small-to-medium sized enterprises (“SMEs”). The Company also made direct loans to certain qualified borrowers.

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