Chinese robotaxi firm WeRide eyes up to US$5 billion valuation in US IPO

Quick Summary:

China-based autonomous driving startup WeRide said on Friday (Aug 9) it was seeking a valuation of as much as US$5.02 billion in its initial public offering in the United States.

China, however, has moved aggressively to green-light trials compared to the United States.

Chinese IPOs in the US had dried up in the past couple of years after ride-hailing giant Didi Global was forced to delist in 2022 following backlash from Chinese regulators.

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Category: EconomyBusiness

Markets: SingaporeChinaUnited States

Topics: Million Compared Year Weride States Chinese Autonomous Shares Yuan China United

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 07:05:59 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 430 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 22002218

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