- WeRide priced its IPO of 7,742,400 American depositary shares (ADSs) at $15.50 per ADS, raising around $120 million in gross proceeds.
- The company granted underwriters an option to purchase up to 1,161,360 additional ADSs.
- Concurrently, certain investors agreed to purchase $320.5 million in Class A ordinary shares through private placements.
- In total, WeRide could raise up to $458.5 million from the IPO and private placements if the underwriters' option is fully exercised.
- WeRide is a global leader in autonomous driving technology, providing solutions from Level 2 to Level 4 across mobility, logistics, and sanitation industries.
- The IPO marks WeRide as the world's first publicly listed universal autonomous driving technology company and first publicly listed robotaxi company.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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