On October 25th, Eastern Time, the global leader in autonomous driving, Wenyuan Zhixing WeRide, was officially listed on the NASDAQ Stock Exchange with the stock code "WRD". The price for this public offering is $15.5 per American Depositary Share. Assuming all underwriters exercise their over allotment rights, the company will publicly issue a total of 8903760 American Depositary Shares. Combined with the previously disclosed synchronized private placement of $320 million, the total fundraising amount of Wenyuan Zhixing's public offering may reach $458.5 million.
Han Xu, founder and CEO of Wenyuan Zhixing, said, "After 7 years of hard work and perseverance, Wenyuan Zhixing has embarked on a new journey today. We are very grateful for the trust and support of investors, customers, employees, and all partners in Wenyuan Zhixing! Together with everyone, we have created this important milestone today. Successful listing is a new starting point for us, and Wenyuan Zhixing will continue to adhere to technological innovation, bringing safe, comfortable, and convenient autonomous driving products and services to users in more countries and regions
It is reported that Wenyuan Zhixing provides autonomous driving products and services from L2 to L4 levels, forming five product matrices including autonomous taxi Robotaxi, autonomous minibus Robobus, autonomous freight vehicle Robovan, autonomous sanitation vehicle Robosweeper, and advanced intelligent driving AdvancedDriver Assistance System (ADAS), with application scenarios covering smart travel, smart freight transportation, and smart sanitation.