Chinese robotaxi firm WeRide seeks to raise up to $119.4 million in US IPO

(Reuters) -China-based autonomous driving startup WeRide said on Friday it was aiming to raise as much as $119.4 million in its initial public offering in the United States.

The company is offering 6.45 million American depositary shares at a price range of $15.50 and $18.50 per share.

Morgan Stanley, J.P. Morgan and CICC are the lead underwriters for the IPO.

WeRide will list on the Nasdaq under the symbol “WRD”.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Shilpi Majumdar)