China-based autonomous driving startup WeRide said on Friday that it is looking to raise up to $440 million in a U.S. initial public offering and subsequent private placement.
What Happened: WeRide is looking to raise up to $119.4 million in the IPO by offering 6.452 million American depositary shares (ADS) priced between $15.50 and $18.50 per share, according to a filing with the Securities and Exchange Commission (SEC.)
Germany-based Robert Bosch GmbH has expressed interest in purchasing up to $100 million of the ADS being offered in the IPO. The ...
