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The Robot Report

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Chinese AV developer WeRide brings in $458.5M from IPO, private placement

  • Chinese AV developer WeRide has been listed on the Nasdaq Global Select Market under the ticker symbol 'WRD'.
  • The initial public offering price was set at $15.5 per ADS, resulting in expected proceeds of $458.5 million with concurrent private placement.
  • WeRide provides autonomous driving systems ranging from SAE Level 2 to Level 4 and has conducted operations in multiple countries.
  • The company's product portfolio includes Robotaxi, Robobus, Robovan, Robosweeper, and an advanced driver-assistance system.

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