Chinese self-driving startup WeRide files for $119m Nasdaq IPO

Chinese self-driving startup WeRide files for $119m Nasdaq IPO

FILE PHOTO: A WeRide autonomous taxi is seen in Guangzhou, Guangdong province, China May 15, 2020. Picture taken May 15, 2020. REUTERS/Yilei Sun/File Photo

Chinese self-driving startup WeRide has filed for a $119.4 million initial public offering on Nasdaq and a private placement of $320.5 million, according to a term sheet seen by Reuters on Wednesday.