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WeRide Priced, Nasdaq: WRD

Chinese developer of autonomous vehicle systems and software.

Industry: Technology

Latest Trade: $19.53 +1.33 (+7.3%)

First Day Return: +6.8%

Return from IPO: +17.4%

Industry: Technology

We endeavor to unlock the true power of autonomous driving by building our WeRide One platform, our foundation model and business backbone empowered by advanced smart models and our unparalleled experience from open-road operations. Our diverse fleet of L4 autonomous driving vehicles across full-range use cases serve as the strongest testimony to the versatility, reliability and commercial readiness of our technology. Our industry-leading WeRide One platform is highly universal and scalable, facilitating easy deployment across various vehicle types and applications under different urban environments. Furthermore, leveraging our AI capabilities, we further empowered our platform through our latest end-to-end smart models, which excel in complex perception, prediction, and planning tasks with great efficiency. Our powerful and versatile analytical capabilities embedded within the WeRide One platform have been instrumental to us in building our own smart models and providing additional value-added services to our existing Tier-1 suppliers. Our technological advancement has successfully created a flywheel effect where it allows us to efficiently maintain our leading position with disciplined resource investment. In addition, we have been accelerating the commercialization of our technology by forging strategic alliances with our ecosystem partners, including world-class vehicle OEMs, Tier 1 suppliers, logistics and urban service providers, among many other key stakeholders across the industry.
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IPO Data
IPO File Date 07/26/2024
Offer Price $15.50
Price Range $15.50 - $18.50
Offer Shares (mm) 7.7
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/24/2024
Offer Price $15.50
Price Range $15.50 - $18.50
Offer Shares (mm) 7.7
Deal Size ($mm) $120
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Morgan Stanley
J.P. Morgan
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Company Data
Headquarters Guangzhou, China
Founded 2017
Employees at IPO 2,227
Website www.weride.ai

WeRide (WRD) Performance