Weidai files IPO amid P2P crackdown

Forever a loan
By John Loh
13 Aug 2018

Chinese peer-to-peer lender Weidai is seeking an IPO on the New York Stock Exchange, even as the troubled sector continues to reel from tightening regulations.

The issuer filed a American Depositary Shares listing last Friday, looking to raise $100m through bookrunners Citi, Credit Suisse and Morgan Stanley.

Weidai was the biggest provider of auto-backed loans in China by volume in 2015 through 2017, with a market share of 35% as of last year, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.