BUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks

Reuters

Mar 25, 2025

** U.S.-listed shares of Chinese credit-tech platform Qifu Technology QFIN.O up 0.8% to $44.80 on Tues after convertible bond offering news

** Shanghai-based fintech announces private offering of $600 mln 5-yr convertible bonds

** Co plans to use net offering proceeds to repurchase American depositary and/or ordinary shares

** With about 155.3 mln shares outstanding co has roughly $7 bln market cap, per LSEG data

** On Mar 17, QFIN shares ended session up ~9% at $47.13 after co posted Q4 beat and hiked its semi-annual dividend

** YTD, shares up ~16% with move on the session. Shares closed at $18.41 a year ago

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2522585006"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2522585006\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2522585006?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-03-25 23:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2522585006","market":"us","top_or_hot":-1,"title":"BUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks</title></head><body><p>** U.S.-listed shares of Chinese credit-tech platform Qifu Technology <span>QFIN.O</span> up 0.8% to $44.80 on Tues after convertible bond offering news</p><p>** Shanghai-based fintech announces private offering of $600 mln 5-yr convertible bonds</p><p>** Co plans to use net offering proceeds to repurchase American depositary and/or ordinary shares</p><p>** With about 155.3 mln shares outstanding co has roughly $7 bln market cap, per LSEG data</p><p>** On Mar 17, QFIN shares ended session up ~9% at $47.13 after co <span>posted</span> Q4 beat and hiked its semi-annual dividend</p><p>     ** YTD, shares up ~16% with move on the session. Shares closed at $18.41 a year ago</p><p>(Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-03-25 23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>BUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks</title></head><body><p>** U.S.-listed shares of Chinese credit-tech platform Qifu Technology <span>QFIN.O</span> up 0.8% to $44.80 on Tues after convertible bond offering news</p><p>** Shanghai-based fintech announces private offering of $600 mln 5-yr convertible bonds</p><p>** Co plans to use net offering proceeds to repurchase American depositary and/or ordinary shares</p><p>** With about 155.3 mln shares outstanding co has roughly $7 bln market cap, per LSEG data</p><p>** On Mar 17, QFIN shares ended session up ~9% at $47.13 after co <span>posted</span> Q4 beat and hiked its semi-annual dividend</p><p>     ** YTD, shares up ~16% with move on the session. Shares closed at $18.41 a year ago</p><p>(Lance Tupper is a Reuters market analyst. The views expressed are his own)</p><p>((lance.tupper@tr.com 1-646-279-6380))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1188","symbol_name":"消费信贷","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250325:nL6N3Q80JP:1","article_id":"2522585006","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2522585006","pubTimestamp":1742914913,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"BUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks** U.S.-listed shares of Chinese credit-tech platform Qifu Technology QFIN.O up 0.8% to $44.80 on Tues after convertible bond offering news** Shanghai-based fintech announces private offering of $600 mln 5-yr convertible bonds** Co plans to use net offering proceeds to repurchase American depositary and/or ordinary shares** With about 155.3 mln shares outstanding co has roughly $7 bln market cap, per LSEG data** On Mar 17, QFIN shares ended session up ~9% at $47.13 after co posted Q4 beat and hiked its semi-annual dividend     ** YTD, shares up ~16% with move on the session. Shares closed at $18.41 a year ago","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1188":"消费信贷","03660":"奇富科技-S"},"translate_title":"BUZZ-Qifu Technology推出6亿美元可转换股票用于回购后股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03660":0.9},"content_text":"BUZZ-Qifu Technology shares up after unveiling $600 mln convertible for buybacks** U.S.-listed shares of Chinese credit-tech platform Qifu Technology QFIN.O up 0.8% to $44.80 on Tues after convertible bond offering news** Shanghai-based fintech announces private offering of $600 mln 5-yr convertible bonds** Co plans to use net offering proceeds to repurchase American depositary and/or ordinary shares** With about 155.3 mln shares outstanding co has roughly $7 bln market cap, per LSEG data** On Mar 17, QFIN shares ended session up ~9% at $47.13 after co posted Q4 beat and hiked its semi-annual dividend     ** YTD, shares up ~16% with move on the session. Shares closed at $18.41 a year ago(Lance Tupper is a Reuters market analyst. The views expressed are his own)((lance.tupper@tr.com 1-646-279-6380))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding,buyback","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}