WeRide responds to report of delaying U.S. IPO

2024-08-22 03:31:55

Asia Tech Wire (Aug 22) -- Chinese self-driving startup WeRide said it is taking longer to prepare for updating documents for its U.S. IPO.

This comes after IFR reported that WeRide has temporarily postponed its plans to go public on the Nasdaq, with no new timeline.

In response, the company said, "Updating the transaction documents is taking longer than expected, and WeRide is actively moving forward with the various documents required for the transaction."

IFR also reported last week that WeRide had delayed the pricing for its U.S. IPO until next week.

Weride US IPO

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