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Chinese autonomous vehicle startup WeRide is preparing for a U.S. initial public offering (IPO) aiming to raise up to $440 million. The company plans to offer 6.45 million American Depositary Shares (ADS) priced between $15.50 and $18.50 each, potentially valuing the company at $5 billion. This IPO is set to mark the end of a dry spell in the U.S. IPO market. Concurrently, WeRide has received approval from California to test its driverless vehicles with passengers, expanding its operations beyond its existing testing in San Jose since 2021.
🇨🇳🇺🇸China-based autonomous driving start-up WeRide has received approval from California to test its driverless vehicles with passengers, according to a permit from the state’s utility regulator. The move comes as the company seeks a valuation of as much as US$5 billion from its…
Heads up! Waymo's driverless vehicles expected to be deployed on SF freeways this week https://t.co/OzZtnjihuA https://t.co/yze6Nb2uNH
Chinese startup WeRide gets nod to test robotaxis with passengers in California https://t.co/LQhQCIClsb
