Chinese online lender Weidai said to plan $400m IPO

Chinese online lender Weidai said to plan $400m IPO

Investors stand at trading terminals in front of an electronic stock board at a securities brokerage in Shanghai, China, on Friday, June 9, 2017. Photographer: Qilai Shen/Bloomberg

Chinese peer-to-peer lender Weidai Hangzhou Financial Information Service Co. is planning an initial public offering that could raise about $400 million, according to people with knowledge of the matter.

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