Recently, according to media reports, WeRide (stock code WRD), an autonomous driving technology company from Guangzhou, has restarted its U.S. IPO and plans to issue 6.452 million ADRs (American Depositary Receipts) at an issue price range of US$15.50 per share. to US$18.50, raising funds may reach US$119.4 million (approximately RMB 849.6 million).
WeRide Zhixing once again received the overseas issuance and listing registration notice (Guohehan [2024] No. 1942) from the International Cooperation Department of the China Securities Regulatory Commission on October 17, and can issue no more than 159.045 million ordinary shares and be registered in the United States. Listed on the NASDAQ Stock Exchange. It had obtained the registration notice on August 25, 2023 (Guohehan [2023] No. 1187).
WeRide was founded in 2017 from Guangzhou, Guangdong. As a world-leading autonomous driving technology company, WeRide provides autonomous driving from L2 to L4 based on the intelligent, multi-functional, cost-effective and adaptable WeRide One platform. Products and services meet the vast majority of transportation needs on the widest open roads, including the travel, logistics and sanitation industries.