Deals
China Self-Driving Startup WeRide Files for $500 Million US IPO, Sources Say
- Bosch-backed WeRide valued at over $4 billion in 2022 round
- WeRide also counts Carlyle, Guangzhou Auto as existing backers
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Chinese driverless technology startup Guangzhou WeRide Technology Co. 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.
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.