The Baidu-backed used car marketplace reported narrower-than-expected losses.
The company said it expected the total loan facilitation amount for the fourth quarter would be in the range of $1.18 billion to $1.25 billion.
The company reported revenue last year of $6.9 million, about level from the year before, and $3.5 million for the first six months of this year.
Reuters Data Temporarily Unavailable
Weidai is expected to ring the bell tomorrow in New York, planning to raise up to $49.5 million by offering 4.5 million ADSs at a price range of $9 to $11 per ADS.
Shares in the company, after ending the day up 3 percent, tumbled in after-hours trading after Ctrip posted its third quarter financials.
Despite strong third-quarter results, Lenovo has experienced turbulence after Bloomberg's spying report.
The Hangzhou-based company, which is seeking a listing on the NYSE American exchange under the symbol “TAI,” filed for a maximum offering of $20 million.
The offering was downsized from the $500 million the Chinese fashion platform was said to be seeking previously.
Weidai is the largest auto-backed financing provider in China in terms of loan volume, with a market share of approximately 35 percent.
The Beijing-based company, a publicly traded unit of Sohu.com Ltd. (Nasdaq: SOHU), said revenue climbed 7 percent year-over-year to $276.6 million.
At the conference in Beijing Thursday, Baidu, which has been aggressively pushing Apollo in the self-driving car race, has announced a number of partnerships and innovations across several sectors.