News Score: Score the News, Sort the News, Rewrite the Headlines

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....

Read more at bloomberg.com

© News Score  score the news, sort the news, rewrite the headlines