WeRide is about to go public with a valuation of US$5 billion

WeRide, a Chinese self-driving company, is about to go public on the Nasdaq in the United States, with a valuation of $5 billion. According to the latest prospectus, WeRide will issue 6,452,000 ADSs in this IPO, with each ADS priced between $15.5 and $18.5. The amount of financing from this additional share offering is expected to reach $100 million to $120 million. Bosch, the cornerstone investor of WeRide's listing, will subscribe to more than 91% of the public additional shares.