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IPO Roundup: Financial service institutions in Kansas and China set to go public this week

CrossFirst is a chain of Midwestern banks, and 9F is a digital consumer lender

Bull emerging from the word 'IPO'
As of March 31, CrossFirst had total assets of $4.3 billion

A pair of companies offering financial services, headquartered more than 7,000 miles apart, each plan to make their Nasdaq debuts on Thursday. 

CrossFirst Bankshares Inc (NASDAQ:CFB), a Kansas-based chain of banks, plans to raise $114 million offering 7.1 million shares at between $15 and $17 per share.

Founded in 2007, CrossFirst Bank operates from seven locations in Kansas, Missouri, Oklahoma and Texas.

The company was formed as the holding company for the bank and was converted to a corporation in 2017. As of March 31, the bank had total assets of $4.3 billion, total loans of $3.3 billion, total deposits of $3.4 billion and total stockholders’ equity of $480.5 million.

9F Inc (NASDAQ:JFU), a Chinese financial services company, expects to offer 8.9 million shares at between $7.50 and $9.50 per share in a bid to raise $76 million. The Beijing-based company offers a suite of digital financial offerings, including loans and wealth management, which it packages to users in a service known as One Card.

—A previous version of this story incorrectly listed 9F's ticker symbol—

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

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