@leixing77

Chinese self-driving company WeRide's shares closed up 6.8% at $16.55, giving it a market cap of ~$4.5B, after raising $440.5M in a US IPO and private placement

David Morris / Bloomberg :

Chinese self-driving company WeRide's shares closed up 6.8% at $16.55, giving it a market cap of ~$4.5B, after raising $440.5M in a US IPO and private placement

The Guangzhou-based company's ADS pared initial gains to close at $16.55 on Friday in New York, above the IPO price of $15.50 apiece.

Chinese self-driving firm WeRide raised $120M in its US IPO at a $4.21B valuation, and sold 7.7M shares at $15.50 a piece, the lower end of its targeted range