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Deutsche Bank has been appointed as the depositary bank for WeRide Inc.'s (NASDAQ: WRD) American Depositary Receipt program. WeRide, headquartered in Guangzhou, China, is a provider of autonomous driving solutions from Level 2 to Level 4, serving mobility, logistics, and sanitation industries. The Level III ADR program trades on NASDAQ under the symbol WRD, with a ratio of 1 ADS representing 3 Class A Ordinary shares. The program became effective on October 28, 2024, with Deutsche Bank AG's Hong Kong Branch serving as the custodian bank.
WeRide announced the closing of its initial public offering of 7,742,400 American depositary shares (ADSs) at $15.50 per ADS on October 28, 2024. Each ADS represents three Class A ordinary shares. Trading began on Nasdaq Global Select Market under symbol WRD on October 25, 2024. The company granted underwriters a 30-day option to purchase up to 1,161,360 additional ADSs. If fully exercised, WeRide could raise approximately $458.5 million in gross proceeds from the offering and concurrent private placements, before deducting expenses.
WeRide, a global autonomous driving technology company, has successfully completed its IPO on the Nasdaq Global Select Market under the symbol 'WRD'. The company priced its ADSs at $15.5 each, with potential total proceeds of $458.5 million including a $320 million concurrent private placement. Founded in 2017, WeRide offers autonomous driving solutions from Level 2 to Level 4, including Robotaxi, Robobus, Robovan, Robosweeper, and ADAS systems. The company operates in 30 cities across seven countries and holds autonomous driving licenses in China, UAE, Singapore, and the US.
WeRide (NASDAQ:WRD), a pioneering autonomous driving company, made history as it began trading on Nasdaq on October 25th, 2024, becoming the world's first pure-play autonomous driving and Robotaxi company to go public. The company offered at $15.5/ADS with a market cap of $4.3 billion.
Founded in 2017, WeRide operates in over 30 cities across 7 countries, holding autonomous driving permits in China, UAE, Singapore, and the US. The company offers a comprehensive product portfolio including Robotaxi, Robobus, Robovan, Robosweeper, and Advanced Driving solutions. WeRide has partnered with major manufacturers like Renault-Nissan-Mitsubishi Alliance and achieved significant milestones, including being the first to accumulate 10,000 purpose-built L4 autonomous driving vehicle intent orders.
WeRide, a global autonomous driving technology company, has successfully completed its IPO on the Nasdaq Global Select Market under the ticker symbol WRD. The company priced its IPO at $15.5 per ADS, offering 8,903,760 ADSs. Combined with a $320 million concurrent private placement, total proceeds are expected to reach $458.5 million. Founded in 2017, WeRide provides autonomous driving solutions from Level 2 to Level 4, including Robotaxi, Robobus, Robovan, and Robosweeper services. The company operates in 30 cities across seven countries and holds autonomous driving licenses in China, UAE, Singapore, and the US.
WeRide has announced the pricing of its initial public offering of 7,742,400 American depositary shares (ADSs) at US$15.50 per ADS, with each ADS representing three Class A ordinary shares. The ADSs will trade on the Nasdaq Global Select Market under the symbol 'WRD' starting October 25, 2024. The company has granted underwriters a 30-day option to purchase up to 1,161,360 additional ADSs. Concurrent with the IPO, certain investors will purchase US$320.5 million in Class A ordinary shares through private placements. The total potential gross proceeds could reach US$458.5 million if underwriters fully exercise their option.
WeRide, a leading global company in autonomous driving technologies, has unveiled its latest generation Robotaxi - GXR. This production model is the world's most spacious Robotaxi, leveraging WeRide's 1,800+ days of public operations experience. Key features include:
- L4-level autonomous driving capabilities
- Open-concept spacious design
- New Sensor Suite 5.6 with 360° blind-spot-free perception
- HPC 2.0 high-performance computing platform
- Comprehensive redundancy system for safety
- Impressive dimensions: 5,018mm length, 1,340mm cabin height, 3,100mm wheelbase
- First to eliminate front passenger seat for maximum space efficiency
- Hidden B-pillar design for easy access
- Soft-edged cabin design for enhanced safety
The GXR can be booked through the WeRide Go App, catering to various passenger needs. This launch marks a significant milestone in WeRide's mission to enhance passenger experiences through its international operational expertise.
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