Robotaxi Firm WeRide Reportedly Delays US IPO Days Before Deadline Amid Growing US Concerns About Chinese Smart Vehicles

Quick Summary:

The news comes days before the China Securities Regulatory Commission’s green light for the deal expires, the report said, while adding that it is not clear if the company will have to apply fresh for approval or seek an extension.

What Happened: The company is still preparing for its first-time share sale, Bloomberg reported, citing people familiar with the matter.

China-based autonomous driving startup WeRide has reportedly postponed its plans for an initial public offering in the U.S.

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesChina

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 09:43:16 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 333 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 28 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 22206173

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