Meiliche Jinrong, an online auto finance company, is planning to raise about US$100m–$150m from a US IPO as early as this year, according to people close to the deal. The company is working with advisers on the transaction.
Founded in 2014, the Shanghai-based company provides financings to new car and used car purchases.
According to its website, it has raised about US$200m from private financings. Its investors include JD Finance, Morningside Ventures, Banyan Capital, Wacai.com, Lingfeng Capital, CreditEase and New Hope Group.
A spokesperson for Meiliche declined to comment.