Chinese peer to peer lender Weidai has filed for a $100-million initial public offering (IPO) in the U.S., with plans to list on the New York Stock Exchange.

Weidai plans to use the net proceeds of its offering primarily for general corporate purposes, and other general administrative matters.

The primary purposes of the offering are to create a public market for its shares for the benefit of all shareholders, retain talented employees, and obtain additional capital.

In 2017, Weidai's revenues increased 101.3 percent to $535.8 million from a year earlier.