Meiliche plans US IPO

IFR 2299 7 September to 13 September 2019
Quick read
Asia

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.