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Weidai Priced, NYSE: WEI

Provides an auto-secured loan platform for small businesses in China.

Industry: Technology

First Day Return: +2.5%

Industry: Technology

We are the largest auto-backed financing solution provider in China in terms of loan volume in each of 2015, 2016 and 2017, according to the Oliver Wyman Report. Our platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and the institutional funding partners. We provide borrowers convenient and ready access to credit and a variety of loan products based on their specific financing needs and risk profiles. Since our inception in 2011, we have strategically focused on auto-backed loans with innovative "collateral registration + GPS system" features, which are specifically designed to serve the credit needs of small and micro enterprise owners, and have since become the industry standard. We also offer a number of other loans to meet the varied financial needs of our borrowers such as professional credit loans, construction machinery loans and consumption loans.
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IPO Data
IPO File Date 08/10/2018
Offer Price $10.00
Price Range $9.00 - $11.00
Offer Shares (mm) 4.5
Deal Size ($mm) $45
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 11/14/2018
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $45
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters Hangzhou, China
Founded 2011
Employees at IPO 10,794
Website www.weidai.com.cn

Weidai (WEI) Performance