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WeRide Inc. (Ticker: WRD) is an autonomous driving technology company based in Guangzhou, China, specializing in Level 2 (L2) to Level 4 (L4) autonomous vehicles, including taxis, buses, delivery vans, and street sweepers. The firm operates and tests its technologies in 30 cities across seven countries.
WeRide will list on the Nasdaq on October 25, 2024, offering 7.74 million American Depositary Shares (ADS) at $15.50 each, raising approximately $120 million. The IPO values the company at around $4.93 billion. Morgan Stanley, J.P. Morgan, and China International Capital Corp (CICC) are the lead underwriters, with ABCI, BNP Paribas, and Tiger Brokers as co-managers.