China-Based Autonomous Driving Company WeRide Looks To Raise $440M Via US IPO And Private Placement

Quick Summary:

What Happened: WeRide is looking to raise up to $119.4 million in the IPO by offering 6.452 million American depositary shares (ADS) priced between $15.50 and $18.50 per share, according to a filing with the Securities and Exchange Commission (SEC.)

Germany-based Robert Bosch GmbH has expressed interest in purchasing up to $100 million of the ADS being offered in the IPO.The ...

China-based autonomous driving startup WeRide said on Friday that it is looking to raise up to $440 million in a U.S.initial public offering and subsequent private placement.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChinaGermany

Topics: Benzinga IPOs WeRide EVs News Benzinga neuro Autonomous Driving Mobility Tech Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 07:37:34 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 319 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22004612

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