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因需要更长时间更新文件 文远知行(WRD.US)推迟在美IPO

Due to the need for more time to update documents, Wenyan Zhixing (WRD.US) has postponed its IPO in the United States.

Zhitong Finance ·  Aug 22 17:15

Wenyuan Zhixing (WRD.US) has postponed its initial public offering (IPO) plan on Nasdaq to allow more time to submit documents to regulatory agencies.

According to the report, Wenyuan Zhixing (WRD.US), a Chinese autonomous driving technology company, has delayed its IPO plan on Nasdaq to allow more time to submit documents to regulatory agencies. In response, Wenyuan Zhixing stated that the time required to update the trading documents is longer than expected and is actively advancing the necessary documents for the exchange.

According to reports, Wenyuan Zhixing submitted an IPO application earlier this month with a valuation of up to $5 billion. Wenyuan Zhixing plans to issue 6.5 million shares of stock with a price range of $15.50 to $18.50, raising $109.7 million.

It is reported that Wenyuan Zhixing has completed 10 rounds of financing, with investors including Xiaopeng He, Guangzhou Automobile Group, Nvidia, Bosch, IDG Capital, Qiming Venture Partners, and Cornerstone Capital. The total amount of public financing exceeds $1.09 billion, and it completed the final D+ round of financing in 2022 with a valuation of $5.1 billion.

In addition, according to relevant regulations of Chinese regulatory agencies, Wenyuan Zhixing needs to complete its listing by August 25 this year, within one year after obtaining filing for its IPO in the United States.

The translation is provided by third-party software.


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