Chinese robotaxi firm WeRide seeks to raise up to $119.4 million in US IPO

08/09/2024

Less than a minute

2024.08.09 16:50

(Reuters) -China-based autonomous driving startup WeRide said on Friday it was aiming to raise as much as $119.4 million in its initial public offering in the United States.

The company is offering 6.45 million American depositary shares at a price range of $15.50 and $18.50 per share.

© Reuters. FILE PHOTO: A WeRide autonomous taxi is seen in Guangzhou, Guangdong province, China May 15, 2020. REUTERS/Yilei Sun/File Photo

Morgan Stanley, J.P. Morgan and CICC are the lead underwriters for the IPO.

WeRide will list on the Nasdaq under the symbol “WRD”.

08/09/2024

Less than a minute

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