WeRide Pursues $440M Funding Through US IPO and Private Placement

The Chinese autonomous driving firm aims for a $5 billion valuation amid regulatory challenges and investor interest.

WeRide plans to raise $119.4 million by offering 6.45 million American depositary shares in its IPO.
The company has secured commitments for $320.5 million in private placements from investors like Alliance Ventures.
Robert Bosch GmbH is interested in purchasing up to $100 million worth of shares in the IPO.
WeRide reported a net loss of $123.03 million for the first half of 2024, with revenues of $20.97 million.
The IPO comes as the US considers new restrictions on Chinese autonomous vehicle technology.