WeRide lists on Nasdaq

WeRide

WeRide priced its US initial public offering of 7,742,400 American depositary shares at $15.50 per share and listed on Nasdaq under ticker WRD, with concurrent private placements of $320.5 million. Founder Tony Xu Han remained chairman and CEO; Robert Bosch GmbH subscribed for 83.3% of the offering.

• 7.74 million ADSs priced at $15.50; each ADS represents three Class A shares; underwriter option on 1.16 million additional shares
• Concurrent private placements of $320.5 million with major investor Robert Bosch GmbH taking 83.3% of offering (6.45 million ADSs)
• Morgan Stanley, J.P. Morgan, CICC as lead underwriters; founder Tony Xu Han retains chairmanship and CEO role