China-based autonomous driving startup WeRide has reportedly postponed its plans for an initial public offering in the U.S.
What Happened: The company is still preparing for its first-time share sale, Bloomberg reported, citing people familiar with the matter. The news comes days before the China Securities Regulatory Commission’s green light for the deal expires, the report said, while adding that it is not clear if the company will have to apply fresh for approval or seek an extension.
WeRide was looking to raise up to $119.4 million in the IPO by offering 6.452 ...
