China’s autonomous vehicle startup WeRide prepares for a US IPO

WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. WeRide registered 1 billion American Depository Receipts (ADRs) at a maximum price of $0.05, with the aggregate offering coming in at $50 million, per a Friday filing […] © 2024 TechCrunch. All rights reserved. For personal use only.

Aug 9, 2024 - 20:20

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China’s autonomous vehicle startup WeRide prepares for a US IPO

WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. WeRide registered 1 billion American Depository Receipts (ADRs) at a maximum price of $0.05, with the aggregate offering coming in at $50 million, per a Friday filing […]