Chinese startup WeRide postpones US IPO
China and #39;s self-driving technology developer WeRide has postponed its initial public offering (IPO) that was aiming to raise about $440 million at a market capitalization of $5.7 billion, axios reports. com, citing Bloomberg.
The decision is important for the market as it would have been the first significant US IPO in the past month, and there is currently no listing on the calendar after Labor Day (September 2). The decision announced last week also comes days before WeRide and #39;s regulatory approval from Beijing for a US listing expires, meaning a new filing may be required.