China's self-driving startup WeRide delays U.S. IPO as deadline looms
WeRide was expected to offer 6.5 million ADS (American depositary shares) in the range of $15.50 to $18.50.
Self-driving technology company WeRide delayed its plan for an initial public offering in the U.S., citing its need for more time to complete documents.
"Updating transaction documents is currently taking longer than expected, and WeRide is working to complete the documentation necessary to move forward with the transaction," the company said in a statement Thursday.