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Weilai Auto IPO before financing to D round: Gaochun, Sequoia, Tencent invloved

2018.08.15 15:38

On the morning of August 14th,China’s electric car startup Weilai Auto today filed an IPO (IPO) prospectus with the US Securities and Exchange Commission (SEC). According to the prospectus, Weilai Automobile plans to be listed on the New York Stock Exchange under the ticker symbol “NIO” and plans to raise up to US$1.8 billion.

The IPO issue price range and the number of shares issued by the company have not been disclosed in the prospectus. Part of the preferred shares in the Weilai Auto Prospectus disclosed that the company has been issued to the D series of preferred stocks, Gaochun Capital, Shunwei Capital, Sequoia Capital, Joy Capital, IDG China, Tencent, China Merchants, CITIC, Hubei Science Investment have participated before with Weilai Auto Finance.