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IT Home reported on August 24 that according to CNBC, domestic autonomous driving technology company WeRide has postponed its IPO plan in the United States.

“The time it takes to update transaction documents is currently longer than expected and WeRide is working hard to complete the documents required to move forward with the transaction,” WeRide said in a statement released on Thursday.

WeRide submitted its prospectus to Nasdaq on July 27 and was labeled as "the first Robotaxi stock" and "the first general autonomous driving stock" by the market, attracting widespread attention.

WeRide originally planned to issue 6.5 million ADSs (American Depositary Shares) at a price between $15.50 and $18.50. The company hopes to raise up to $440 million (IT Home Note: Currently about RMB 3.143 billion) in funds through its listing in the United States scheduled for this week.

The company, which develops self-driving technology for robot taxis, minibuses and delivery sanitation trucks, was last valued at about $5.11 billion and has raised $1.39 billion so far, according to Pitchbook data.