IPOs
By The Online Investor Staff, updated Sat., Nov. 17, 1:54 AM
| This Slide: #1 of 15 |
Slide #1. Weidai Ltd. — Initial Public Offering
Company:
Weidai Ltd.
Proposed Symbol:
WEI
Shares Offered:
4,500,000
Price Per Share:
$10.00
Over-Allotment:
675,000
Description:
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 been granted an option, exercisable within 30 days from the date of the final prospectus, to purchase up to 675,000 additional ADSs at US$10.00 per ADS.
