Stock Track | WeRide Inc. Announces Pricing of Initial Public Offering

Stock Track10-26
- 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.
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