China's WeRide raises $440.5m from US IPO, placement

China's WeRide raises $440.5m from US IPO, placement

People walk past a WeRide autonomous driving robobus near its office in Guangzhou, Guangdong province, China May 11, 2021. REUTERS/Yilei Sun/ File Photo

Self-driving startup WeRide raised a combined $440.5 million in its US initial public offering and a private placement on Friday, the latest Chinese firm to capitalise on improving investor sentiment and easing regulatory roadblocks.