Separately, a group of investors agreed to buy US$320.5 million worth of ordinary shares via private placements, according to WeRide’s filings with the US Securities and Exchange Commission.
Chinese self-driving automotive company WeRide has raised US$440.5 million ($133.96 million) from its twice-delayed US initial public offering and concurrent private placement, people familiar with the matter said.
The Guangzhou-based autonomous vehicle company had intended to sell 6.45 million American depositary shares at US$15.50 to US$18.50 each. The IPO priced at the bottom of the range, with the ADS selling for US$15.50 each, but upsized by 20% to raise a total of US$120 million, the people said, asking not to be identified discussing private information.
