The company was valued at about $4.4 billion in a March 2022 fundraising round.Ĭhina’s private companies in areas including semiconductors, AI and autonomous driving are poised to benefit from President Xi Jinping’s public backing of the private sector. WeRide was weighing IPO venues including the US and Hong Kong, Bloomberg News reported last year.

A representative for WeRide didn’t respond to a request for comment. To address the issue, WeRide will outsource data collection to an entity that won’t be part of the planned US listing, the people said.ĭeliberations are ongoing and details of the IPO including size and timing could change, the people said. The Guangzhou-based startup is working with advisers on a potential listing that could take place as early as in the first half of this year, the people said, asked not to be identified discussing a private matter.Ĭhinese companies have only just resumed pursuing US IPOs in recent months, after Didi Global Inc.’s 2021 listing prompted a crackdown by Beijing on companies with sensitive data selling shares abroad. Trump Calls for Protests Over Expected Arrest on NY ChargesĬFA Revised Exam Cuts Study Time, Stresses Practical Skillsĭeutsche Bank Eyes Some Credit Suisse AssetsĬredit Suisse Investment Bank Said a Key Sticking Point in Talks

has filed confidentially for an initial public offering in the US and is looking to raise as much as $500 million, according to people familiar with the situation.Ĭredit Suisse Crisis Nears Finale as UBS Discussions Heat Up (Bloomberg) - Chinese driverless technology startup Guangzhou WeRide Technology Co.

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