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Weidai prices IPO at $10 midpoint

November 15, 2018
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Weidai, which provides an auto-secured loan platform for small businesses in China, raised $45 million by offering 4.5 million shares at $10, within the range of $9 to $11. Weidai plans to list on the NYSE under the symbol WEI. Morgan Stanley and Citi acted as lead managers on the deal.