Chinese self-driving firm WeRide raises $120 million in US IPO

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Chinese self-driving firm WeRide said on Friday it has raised $120 million in its U.S.initial public offering.The company sold 7.7 million American depositary shares in the offering at $15.50 a piece, the lower end of its targeted range of $15.50 to $18.50 per ADS.

FILE PHOTO: The Nasdaq Market site is seen outside the Nasdaq Market site in New York City, U.S., March 26, 2024.

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Category: EconomyBusiness

Markets: Singapore

Topics: Photo: Offering Market Experience Seen Million 2024 Mediacorp File Site Nasdaq

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 16:06:35 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 125 words

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Sentences: 5 lines

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Copyright Owner: © Channel News Asia

News ID: 23237180

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