Reported about 1 month ago
Chinese self-driving startup WeRide has filed for a $119.4 million initial public offering on Nasdaq, alongside a $320.5 million private placement. Founded in Silicon Valley in 2017 and later incorporated in the Cayman Islands, WeRide operates a robotaxi service in Guangzhou and aims for a valuation of up to $5.02 billion. The IPO marks a significant moment for Chinese companies in the U.S. market, which have faced challenges after Didi's delisting in 2022.
Source: YAHOO