news

WeRide updates its prospectus: Maximum valuation of US$5 billion with support from Renault, Nissan and Bosch

2024-08-10

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

Leidi.com Lei Jianping August 10

WeRide (stock code: "WRD") recently updated its prospectus and is preparing to list on the Nasdaq in the United States.

WeRide's offering price range is between US$15.5 and US$18.5, with 6.452 million shares issued and a maximum fundraising of US$119 million.

Concurrently with and subject to the completion of this offering, certain investors have agreed to purchase $320.5 million worth of Class A common stock from WeRide.

Alliance Ventures, the venture capital fund of the Renault-Nissan-Mitsubishi Alliance, purchased $97 million, JSC International Investment Fund SPC purchased $69.5 million, Get Ride purchased $50 million, Beijing Minghong purchased $46 million, Kechuangzhixing purchased $30 million, Guangxizhixing and Gac Capital International purchased $20 million, and GZJK WENYUAN purchased $8 million. Robert Bosch GmbH intends to purchase ADSs totaling up to $100 million.