China Self-Driving Firm WeRide Gets $440m Via IPO, Placement

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Chinese startup raises about $120 million from IPO on Nasdaq, due to start Friday, plus $320.5 million from a private placement The post China Self-Driving Firm WeRide Gets $440m Via IPO, Placement appeared first on Asia Financial.

WeRide said total proceeds could be as much as $458.5 million if underwriters exercise the option to purchase additional shares.

WeRide is one of a number of Chinese firms that have sought to capitalize on improving investor sentiment and an easing of regulatory roadblocks at home.

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Article Details

Author / Journalist: Jim Pollard

Category: InvestingBusiness

Markets: Hong KongAustraliaChinaThailandUnited States

Topics: Transport Markets Electric Vehicles New Energy Asia World Fintech Fintech Insights Energy Energy Insights ESG Market Insights China-US Economic Ties Transport Insights

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 11:27:36 (3 days ago)

News Timezone: GMT +8:00

News Source URL: asiafinancial.com

Language: English

Article Length: 478 words

Reading Time: 3 minutes read

Sentences: 27 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © Asia Financial

News ID: 23282656

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