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WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

WeRide Is Said to Seek Up to $400 Million in US IPO, Placement

China’s WeRide Inc. is seeking as much as $400 million in a US initial public offering and concurrent private placement, people familiar with the matter said. The Guangzhou-based autonomous vehicle company, which was granted approval last year by the Chinese securities regulator for a US listing, is seeking about $100 million in the IPO and around $200 million to $300 million in the placement, the people said. Source link lol
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