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Chinese self-driving firm WeRide raises $120 million in US IPO

By Thomson Reuters Oct 25, 2024 | 3:06 AM

(Reuters) – Chinese self-driving firm WeRide said on Friday it has raised $120 million in its U.S. initial public offering.

The company sold 7.7 million American depositary shares in the offering at $15.50 a piece, the lower end of its targeted range of $15.50 to $18.50 per ADS.

(Reporting by XXXXX and Manya Saini in Bengaluru; Editing by Shilpi Majumdar)