WeRide's US stock IPO has been filed with the China Securities Regulatory Commission for record, planning to issue no more than 159 million shares
WeRide Inc. has received a notice of overseas issuance and listing filing from the China Securities Regulatory Commission, planning to list on the Nasdaq in the United States with the issuance of no more than 159 million common shares. Founded in 2017, the company is a global leading autonomous driving technology enterprise, operating in 30 cities across 7 countries and establishing strategic partnerships with multiple top automobile manufacturers
According to the Zhitong Finance and Economics APP, on October 17th, the China Securities Regulatory Commission issued a notice regarding the overseas issuance and listing filing of WeRide Inc. The notice mentioned that WeRide Inc. plans to issue no more than 159,045,000 common shares and list on the Nasdaq Stock Exchange in the United States. After the company completes the overseas issuance and listing, it should report the listing situation through the China Securities Regulatory Commission's filing management information system within 15 working days. If the overseas issuance and listing is not completed within 12 months from the date of this filing notice, and if there are plans to continue, the filing materials should be updated.
Information shows that WeRide was established in 2017 and is a global leading autonomous driving technology company. It has conducted autonomous driving research, testing, and operations in 30 cities across 7 countries globally. It is the only technology company with autonomous driving licenses in China, the UAE, Singapore, and the United States. WeRide has rich practical experience in technology research and development, commercialization, and corporate management both domestically and internationally. It has established strategic partnerships with several global top OEMs and Tier 1 suppliers, including the Renault-Nissan-Mitsubishi Alliance, Yutong Group, GAC Group, Bosch, and others.
WeRide is dedicated to developing safe and reliable autonomous driving technology, with application scenarios covering smart travel, smart freight, and smart sanitation. It has entered the commercial operation stage of autonomous driving, forming five major product matrices including Robotaxi, Robobus, Robovan, Robosweeper, and Advanced Driving Solution, providing services such as ride-hailing, on-demand public transportation, city freight transport, smart sanitation, and advanced intelligent driving solutions