WeRide Inc. Announces Pricing of Initial Public Offering

Quick Summary:

NEW YORK, Oct.25, 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 the pricing of its initial public offering of 7,742,400 American depositary shares ("ADSs"), each representing three Class A ordinary shares of the Company, at a price to the public of US$15.50 per ADS.

Concurrently with, and subject to, the completion of this offering, certain investors have agreed to purchase US$320.5 million in Class A ordinary shares from the Company through private placements pursuant to an exemption from registration with the United States Securities and Exchange Commission (the "SEC") under Regulation S of the Securities Act of 1933, as amended.

The ADSs have been approved for listing and are expected to begin trading on the Nasdaq Global Select Market on October 25, 2024, under the ticker symbol "WRD".

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Author / Journalist: Globe Newswire

Category: InvestingBusiness

Markets: United StatesChinaHong Kong

Topics: News WRD Press Releases IPOs

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 07:59:53 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 738 words

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News ID: 23346606

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