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According to Bloomberg, Chinese autonomous driving technology companiesWeRide(WeRide)Securities and Exchange Commission(SEC)Submitted IPO documents, seeking to be listed on Nasdaq, and plans to seek up to US$400 million in initial public offering and simultaneous private placement in the United States.

According to people familiar with the matter,WeRideIt is currently seeking to raise approximately US$119.36 million in the IPO and approximately US$200 million to US$300 million in a placement.

According to the announcement, WeRide will issue 6.452 million American depositary shares(ADR, each ADR is equivalent to more than 3 common shares), each ADR is priced at US$15.50 to US$18.50, and the underwriters includeMorgan Stanley、JPMorgan Chase、CICC, ABC International, BNP Paribas Securities,Tiger Brokers。

People familiar with the matter said WeRide will launch its IPO as early as next week.

WeRide，On August 25, 2023, it obtained the overseas listing registration notice from the China Securities Regulatory Commission. According to the website of the China Securities Regulatory Commission, the registration notice is valid for one year and will expire at the end of this month.