China’s autonomous vehicle startup WeRide seeks US IPO at $5B valuation

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. The company is seeking a valuation as high as $5.02 billion in its initial public offering. WeRide expects to raise about $96 million from its offering, or $111.3 […] © 2024 TechCrunch. All rights reserved. For personal use only.

Aug 12, 2024 - 16:45

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China’s autonomous vehicle startup WeRide seeks US IPO at $5B valuation

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. The company is seeking a valuation as high as $5.02 billion in its initial public offering. WeRide expects to raise about $96 million from its offering, or $111.3 […]