Conyers Dill & Pearman provided Cayman Islands legal advice to Weidai Ltd. (the “Company”) in connection with its US$45 million initial public offering of 4,500,000 Class A ordinary shares on the New York Stock Exchange (NYSE: WEI).
The Company provides auto-backed financing solutions in the People’s Republic of China. Its auto-backed financing platform connects primarily small borrowers and micro enterprise owners with online investors and institutional funding partners. It was founded in 2011 and is headquartered in Hangzhou, the People’s Republic of China.
Partner Richard Hall of Conyers’ Hong Kong office advised on the matter working alongside Cleary Gottlieb Steen & Hamilton.