Weifu Tech (WRD.US) officially listed on the US stock market, with a maximum intraday rise of nearly 28%
1min read On October 25, WeRide (WRD.US), a global leader in autonomous driving, officially listed on the Nasdaq Stock Exchange. Today, the stock price rose nearly 28% during trading, and as of the writing, it rose 21.81% to $18.88.
It is understood that WeRide's public offering price is $15.5 per American Depositary Share, and assuming the underwriters' over-allotment option is fully exercised, the Company will issue a total of 8,903,760 American Depositary Shares. Combined with the previously disclosed $320 million private placement, WeRide's total raised through this public offering may reach $458.5 million.
WeRide, founded in 2017, has developed autonomous driving technology in seven countries and 30 cities worldwide. It is the only technology company to have obtained autonomous driving licenses in China, the UAE, Singapore, and the US. WeRide has rich overseas and domestic experience in technology research and development, commercialization, and corporate management, and has formed strategic partnerships with several global top car manufacturers and Tier 1 suppliers, including the Renault-Nissan-Mitsubishi Alliance, Yutong Group, GAC Group, Bosch, and others.
WeRide is committed to developing safe and reliable autonomous driving technologies, with applications covering smart transportation, smart logistics, and smart sanitation. It has entered the commercial operation stage of autonomous driving and formed a five-product matrix including autonomous driving taxis (Robotaxi), autonomous driving minibuses (Robobus), autonomous driving freight vehicles (Robovan), autonomous driving sanitation vehicles (Robosweeper), and advanced driving solutions (Advanced Driving Solution), providing a variety of services including ride-hailing, on-demand buses, cross-border logistics, smart sanitation, and advanced driving solutions.
