+852 3594 6776

Serve every customer with heart

Your Needs   Our Focus

Financial Bulletin

Wen Yuan Zhixing plans to go to the US IPO to raise more than 900 million yuan.

Release Time:2024-10-25

WeRide, a mainland autonomous driving technology company, restarted its listing plan in the United States. It is reported that Wen Yuan Zhixing has applied for an initial public offering (IPO) on NASDAQ, with the stock code "WRD", and plans to raise up to about US$ 120 million (about HK$ 930 million) and US$ 320.5 million (about HK$ 2.5 billion) through private placement.


According to the document submitted by Wen Yuan Zhixing to the US Securities and Exchange Commission on October 21st, Wen Yuan Zhixing will sell 6.45 million shares of american depository receipts (ADS), with a share price ranging from US$ 15.5 (about HK$ 120) to US$ 18.50 (about HK$ 143).


Xiaoma Zhixing applied for US listing.


In August this year, it was reported that Wen Yuan Zhixing had postponed its IPO listing plan in the United States. Wen Yuan Zhixing said in a statement: "It takes longer than expected to update the transaction documents at present, and the company is working hard to complete the documents needed to promote the transaction. 」


This IPO is the second major mainland enterprise seeking to list in the United States following the listing of electric vehicle manufacturer Zeekr on the new york Stock Exchange in May this year, and it will also be one of the largest IPO transactions of mainland enterprises in the United States after the listing of Didi in 2021.


In addition, Pony.AI, another mainland self-driving head company, recently formally submitted an IPO prospectus to the US Securities and Exchange Commission, and plans to land on Nasdaq.

More Flash >>