WeRide (WRD 79.94%) is shooting to the moon in Friday's trading. The China-based autonomous driving company's share price was up 81% as of 1 p.m.
Shares of WeRide (NASDAQ:WRD) are rocketing 66% higher in morning trading after Nvidia (NASDAQ:NVDA) took a 1.7 million-share stake in the company worth $24.65 million.
Chinese self-driving firm WeRide said on Friday it has raised $120 million in its U.S. initial public offering.
Chinese self-driving startup WeRide has filed for an up to $439.9 million initial public offering on Nasdaq, according to a term sheet seen by Reuters on Wednesday.
WeRide (NASDAQ: WRD), a global leader in autonomous driving technology, has introduced the world's most spacious Robotaxi, the GXR. Drawing from over 1,800 days of public Robotaxi operation experience, the GXR combines WeRide's L4 autonomous driving hardware and software with an open, spacious design.
Chinese autonomous vehicle manufacturer WeRide has filed for an initial public offering (IPO) in the U.S. that would value the company at as much as $5 billion.