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U.S. IPO Weekly Recap: WeRide Delays Its IPO As Pipeline Gets A Boost
AZIAutozi(AZI) Seeking Alpha·2024-08-24 09:00

mapo Two small IPOs debuted this past week, while six IPOs submitted initial filings. Notably, China-based autonomous driving developer WeRide (WRD) postponed its 110millionUSIPO.Thecompany,whichhadalreadydelayeditsIPOearlier,statedthatitsregistrationdocumentscouldnotbefinalizedwithinthetimeframeallottedbyChineseregulators.HongKong−basedlogisticsservicesfirmReitarLogtech(RITR)priceditsIPOatthebottomoftherangetoraise110 million US IPO. The company, which had already delayed its IPO earlier, stated that its registration documents could not be finalized within the timeframe allotted by Chinese regulators. Hong Kong-based logistics services firm Reitar Logtech (RITR) priced its IPO at the bottom of the range to raise 9 million at a $249 million market cap. The ...