Weidai Ltd. (WEI) Prices 4.5M ADS IPO at $10/ADS

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Go back to Weidai Ltd. (WEI) Prices 4.5M ADS IPO at $10/ADS

Weidai Ltd. Announces Pricing of Initial Public Offering

November 16, 2018 5:10 AM EST

HANGZHOU, China, Nov. 16, 2018 /PRNewswire/ -- Weidai Ltd. ("Weidai" or the "Company") (NYSE: WEI), a leading auto-backed financing solution provider in China, announced the pricing of its initial public offering of 4,500,000 American Depositary Shares ("ADSs"), each representing one Class A Ordinary Share of the Company, at US$10.00 per ADS for a total offering size of US$45 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs began trading on the New York Stock Exchange on November 15, 2018, under the ticker symbol "WEI".

The underwriters have... More