Viking Global Shows Jianpu Technology Stake ~ market folly

Friday, December 1, 2017

Viking Global Shows Jianpu Technology Stake

Andreas Halvorsen's hedge fund firm Viking Global has filed a 13G with the SEC regarding shares of Jianpu Technology (JT).  Per the filing, Viking now owns 9.6% of the company with over 6.62 million shares.

This is a newly disclosed equity stake and the company recently completed its initial public offering (IPO) in the middle of November.  The filing was due to activity as of November 20th.

We've also revealed the rest of Viking Global's portfolio in the latest issue of our newsletter.

Per Bloomberg, Jianpu Technology "operates as an open platform for discovery and recommendation of financial products. The Company offers loan applications, credit card services, and sales and marketing solutions."

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