The World's First IPO of Universal Autonomous Driving Technology Company! WeRide Officially Listed on Nasdaq
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, una società globale nel settore delle tecnologie di guida autonoma, ha completato con successo la sua IPO sul Nasdaq Global Select Market con il simbolo 'WRD'. La società ha fissato il prezzo delle sue ADS a $15.5 ciascuna, con un potenziale totale di ricavi di $458.5 milioni, inclusa una collocazione privata contemporanea di $320 milioni. Fondata nel 2017, WeRide offre soluzioni di guida autonoma da Livello 2 a Livello 4, che includono Robotaxi, Robobus, Robovan, Robosweeper e sistemi ADAS. L'azienda opera in 30 città in sette paesi e detiene licenze di guida autonoma in Cina, UAE, Singapore e Stati Uniti.
WeRide, una empresa global de tecnología de conducción autónoma, ha completado con éxito su IPO en el Nasdaq Global Select Market bajo el símbolo 'WRD'. La empresa fijó el precio de sus ADS en $15.5 cada una, con un ingreso total potencial de $458.5 millones, incluida una colocación privada concurrente de $320 millones. Fundada en 2017, WeRide ofrece soluciones de conducción autónoma de Nivel 2 a Nivel 4, que incluyen Robotaxi, Robobus, Robovan, Robosweeper y sistemas ADAS. La compañía opera en 30 ciudades de siete países y posee licencias de conducción autónoma en China, EAU, Singapur y EE. UU.
WeRide는 글로벌 자율주행 기술 회사로, 'WRD'라는 심볼 아래에서 Nasdaq Global Select Market에서 성공적으로 IPO를 완료했습니다. 회사는 ADS의 가격을 $15.5로 책정했으며, 비공식적인 사모 발행을 포함해 총 $458.5 백만의 잠재적 수익을 기대하고 있습니다. 2017년에 설립된 WeRide는 레벨 2에서 레벨 4까지 자율주행 솔루션을 제공하며, Robotaxi, Robobus, Robovan, Robosweeper, 그리고 ADAS 시스템을 포함합니다. 이 회사는 7개국 30개 도시에 운영 중이며, 중국, UAE, 싱가포르, 미국에서 자율주행 라이센스를 보유하고 있습니다.
WeRide, une entreprise mondiale de technologie de conduite autonome, a réussi à compléter son IPO sur le Nasdaq Global Select Market sous le symbole 'WRD'. L'entreprise a fixé le prix de ses ADS à 15,5 $ chacune, avec des recettes potentielles totales de 458,5 millions $, y compris un placement privé concurrent de 320 millions $. Fondée en 2017, WeRide propose des solutions de conduite autonome allant du niveau 2 au niveau 4, y compris Robotaxi, Robobus, Robovan, Robosweeper et des systèmes ADAS. L'entreprise opère dans 30 villes à travers sept pays et détient des licences de conduite autonome en Chine, aux Émirats Arabes Unis, à Singapour et aux États-Unis.
WeRide, ein globales Unternehmen für autonome Fahrtechnologie, hat erfolgreich seinen IPO am Nasdaq Global Select Market unter dem Symbol 'WRD' abgeschlossen. Das Unternehmen hat den Preis für seine ADS auf $15.5 pro Stück festgelegt, mit potenziellen Gesamteinnahmen von $458.5 Millionen, einschließlich einer gleichzeitigen Privatplatzierung von 320 Millionen Dollar. Gegründet im Jahr 2017 bietet WeRide autonome Fahrlösungen von Level 2 bis Level 4 an, einschließlich Robotaxi, Robobus, Robovan, Robosweeper und ADAS-Systemen. Das Unternehmen ist in 30 Städten in sieben Ländern tätig und hält autonome Fahrlizenzen in China, den VAE, Singapur und den USA.
- First publicly listed universal autonomous driving and Robotaxi company globally
- Significant IPO proceeds of $458.5M including $320M private placement
- Diverse product portfolio across multiple autonomous driving levels
- International presence with licenses in multiple key markets
- Operational track record of 1,700+ days across 30 cities in 7 countries
- Capital-intensive business model requiring continuous investment
- Operates in highly competitive autonomous driving market
Insights
WeRide's IPO marks a significant milestone as the first universal autonomous driving technology company to go public globally. The offering structure includes
The company's diverse portfolio spanning Robotaxi, Robobus and other autonomous solutions, coupled with its unique position holding autonomous driving licenses across multiple major markets (China, UAE, Singapore and US), presents a compelling investment case in the emerging autonomous vehicle sector. The successful execution across 30 cities in 7 countries validates their operational capabilities and market readiness.
WeRide's technological portfolio represents a comprehensive approach to autonomous driving, spanning from Level 2 to Level 4 capabilities. Their multi-vertical strategy targeting mobility, logistics and urban services demonstrates strong commercialization potential. The 1,700+ days of operational experience provides valuable real-world data, essential for improving AI algorithms and safety systems.
The company's global operational footprint and diverse application scenarios create multiple revenue streams and market opportunities. This positions WeRide advantageously against competitors who might focus on single-use cases or geographical markets. Their ranking on Fortune's Change the World list further validates their technological leadership and market impact.
NEW YORK, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WeRide, the leading global commercial-stage company, was officially listed on the Nasdaq Global Select Market under the ticker symbol "WRD." Upon listing, WeRide became the world’s first publicly listed universal autonomous driving technology company and the first publicly listed Robotaxi company. The initial public offering price was set at
Tony Han, Founder and CEO of WeRide, stated: "Seven years of perseverance have led to WeRide’s new journey today. We are deeply grateful to our investors, clients, employees, and all our partners for their trust and support. Together, we have achieved this important milestone. For us, going public is a new beginning, and WeRide will continue to drive technological innovation, delivering safe, comfortable, and convenient autonomous driving products and services to more countries and regions."
Since its establishment in 2017, WeRide has been committed to transform urban living with autonomous driving, providing autonomous driving solutions ranging from Level 2 to Level 4. The company has developed a comprehensive portfolio, including Robotaxi, Robobus, Robovan, Robosweeper, and advanced driver-assistance system (ADAS), with application scenarios spanning smart mobility, smart logistics, and smart sanitation.
Today, WeRide is the only technology company worldwide simultaneously holding autonomous driving licenses in China, the UAE, Singapore, and the U.S. It has conducted autonomous driving R&D, testing, and operations across 30 cities in seven countries, with over 1,700 days of operation. In Fortune’s 2023 Change the World list, WeRide ranked eighth.
Looking ahead, WeRide will remain committed to its mission, continuing to advance autonomous driving technology, and striving to provide innovative autonomous driving products and dedicated services that contribute to greener, low-carbon, and sustainable urban living.
Contact
Robin Yang
ICR, LLC
WeRide.IR@icrinc.com
+1 (646) 224-6934
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/fad34600-d595-4648-8982-f1c9877b46c1
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