WeRide Inc. Announces Closing of Initial Public Offering

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NEW YORK, Oct.28, 2024 (GLOBE NEWSWIRE) -- WeRide Inc.("WeRide" or the "Company") (NASDAQ:WRD), a global leader and a first mover in the autonomous driving industry, today announced that its previously announced initial public offering (the "Offering") of 7,742,400 American depositary shares ("ADSs") at a price to the public of US$15.50 per ADS closed on October 28, 2024.

Assuming such option is fully exercised, the Company may raise a total of approximately US$458.5 million in gross proceeds from the Offering and the concurrent private placements, before deducting underwriting discounts and commissions as well as other estimated offering expenses.

Morgan Securities LLC, China International Capital Corporation Hong Kong Securities Limited, ABCI Securities Company Limited, BNP Paribas Securities (Asia) Limited and Tiger Brokers (NZ) Limited acted as ...

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Article Details

Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesChinaHong Kong

Topics: News Press Releases WRD IPOs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 17:15:46 (3 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 673 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 27 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 23355328

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