WeRide Inc (WRD) Closes $485.5M IPO

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Go back to WeRide Inc (WRD) Closes $485.5M IPO

WeRide Inc. Announces Closing of Initial Public Offering

October 28, 2024 1:15 PM EDT

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. Each ADS represents three Class A ordinary shares of the Company. WeRides ADSs began trading on the Nasdaq Global Select Market on October 25, 2024, under the ticker symbol WRD.

The Company has granted the underwriters an option, exercisable within... More