Chinese robotaxi firm WeRide expands US presence with IPO

On 25 October 2024, Chinese robotaxi firm WeRide announced it had raised US$440.5m from its US initial public offering (IPO), alongside a concurrent private placement. The company sold 7.74 million US depositary shares at US$15.50 apiece—the very bottom of its US$15.50-18.50 target range—for a total of US$120m. The IPO valued the company at around US$4bn.