NEW
YORK, Oct. 25, 2024 /PRNewswire/ -- WeRide, the
leading global commercial-stage company, was officially listed on
the Nasdaq Global Select Market under the ticker symbol "WRD." Upon
listing, WeRide became the world's first publicly listed
universal autonomous driving technology company and the first
publicly listed Robotaxi company. The initial public
offering price was set at $15.5 per
American depositary share (ADS). If the underwriters fully exercise
the granted option, the Company will issue a total of 8,903,760
ADSs. The total proceeds from the public offering, combined
with $320 million concurrent private
placement, are expected to amount to $458.5
million, assuming the underwriters of the initial public
offering fully exercise their option.
Tony Han, Founder
and CEO of WeRide, stated: "Seven years of
perseverance have led to WeRide's new journey today. We are deeply
grateful to our investors, clients, employees, and all our partners
for their trust and support. Together, we have achieved this
important milestone. For us, going public is a new beginning, and
WeRide will continue to drive technological innovation, delivering
safe, comfortable, and convenient autonomous driving products and
services to more countries and regions."
Since its establishment in 2017, WeRide has been committed
to transform urban living
with autonomous driving, providing autonomous
driving solutions ranging from Level 2 to Level 4. The company has
developed a comprehensive portfolio, including Robotaxi, Robobus,
Robovan, Robosweeper, and advanced driver-assistance system (ADAS),
with application scenarios spanning smart mobility, smart
logistics, and smart sanitation.
Today, WeRide is the only technology company
worldwide simultaneously holding autonomous driving
licenses in China, the UAE,
Singapore, and the
U.S. It has conducted autonomous driving R&D, testing,
and operations across 30 cities in seven countries, with over 1,700
days of operation. In Fortune's 2023 Change the
World list, WeRide ranked eighth.
Looking ahead, WeRide will remain committed to its mission,
continuing to advance autonomous driving technology, and striving
to provide innovative autonomous driving products and dedicated
services that contribute to greener, low-carbon, and sustainable
urban living.
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SOURCE WeRide Inc.
