China Auto Tech Firm WeRide’s Shares Gain 6.8% After US IPO
WeRide Inc. American depositary shares increased 6.8% from their initial public offering price after the Chinese self-driving automotive company raised $440.5 million in a first-time share sale 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. WeRide’s twice-delayed IPO was priced at the bottom of its marketed range and upsized by 20% to raise $120 million....
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