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Aug 22, 2024 - 20:02
By asia.nikkei.com

Chinese self-driving startup WeRide delays U.S. IPO

NEW YORK - Self-driving startup WeRide postponed its plans for an initial public offering on the Nasdaq, which could have been the largest debut for a Chinese company in over three years, citing the need for time to complete documentation requirements.

"Updating transaction documents is currently taking longer than expected, and WeRide is working to complete the documentation necessary to move forward with the transaction," the company said in a statement to CNBC on Thursday.