Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

WeRide IPO: High-Risk Venture Investment and Unproven Business Model

Equity Capital Markets

<ul>
<li>WeRide, a Guangzhou-based autonomous driving unicorn, priced its IPO at $15.50 per ADS, a low-end of the price range, implying a market cap of ~$4.2B.</li>
<li>WeRide sold ~7.7M ADSs, of which Robert Bosch GmbH has acquired 6.5M ADSs, representing ~84% of the ADSs being offered in this IPO.</li>
<li>In addition, certain investors and existing shareholders purchased ~$321M worth of WeRide Class A shares in the concurrent private placements.</li>
</ul>


WeRide, a Guangzhou-based autonomous driving unicorn, priced its IPO at $15.50 per ADS, a low-end of the price range, implying a market cap of ~$4.2B.
WeRide sold ~7.7M ADSs, of which Robert Bosch GmbH has acquired 6.5M ADSs, representing ~84% of the ADSs being offered in this IPO.
In addition, certain investors and existing shareholders purchased ~$321M worth of WeRide Class A shares in the concurrent private placements.


WeRide Low Float US IPO: Pricing and Nasdaq Debut