Yirendai eyes $100m on NYSE, December trading

CreditEase subsidiary to use public float proceeds for general corporate purposes

Yirendai, an online consumer finance marketplace, is planning to raise $100 million in an initial public offering on the New York Stock Exchange.

The peer-to-peer lending platform, a wholly owned subsidiary of online finance firm CreditEase, was set up in 2012 and currently has more than 7 million registered users and has facilitated more than $10 billion lending transactions.