The Hakim Unique, Shanda Interactive and Dong Yi Ri Sheng-backed lending platform raised $45m, floating in the middle of its range.

Weidai, a China-based business lending platform backed by corporates Hakim Unique, Shanda Interactive and Dong Yi Ri Sheng, has gone public in the US in a $45m initial public offering

The company issued 4.5 million American depositary shares (ADSs) on the New York Stock Exchange priced at $10.00 each, in the middle of the IPO’s $9 to $11 range. It initially filed to raise up to $100m in August this year.

Weidai operates a lending platform for small…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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