Weidai prices IPO at $10 midpoint

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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.

The article Weidai prices IPO at $10 midpoint originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: News Headlines , IPOs

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