WeRide Seeks $400 Million in US IPO

Aug 9, 2024, 01:01 PM

China’s autonomous vehicle company WeRide is preparing for a US initial public offering (IPO) and is seeking to raise as much as $400 million. The fundraising effort includes a concurrent private placement, with expectations to secure between $200 million and $300 million from this avenue. WeRide, known for its advancements in robotaxi technology, aims to leverage the US capital markets to fuel its growth and development in the autonomous vehicle sector.