Hyperdrive
WeRide Is Said to Seek Up to $400 Million in US IPO, Placement
- Chinese robotaxi firm granted securities regulator nod in 2023
- Renault Nissan Mitsubishi Alliance agreed to back listing
A driverless car with 5G technology by WeRide in Hangzhou, China.
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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.