China Startup WeRide Said to File for $500 Million US IPO (1)

Chinese driverless technology startup Guangzhou WeRide Technology Co. has filed confidentially for an initial public offering in the US and is looking to raise as much as $500 million, according to people familiar with the situation.

The Guangzhou-based startup is working with advisers on a potential listing that could take place as early as in the first half of this year, the people said, asked not to be identified discussing a private matter.

Chinese companies have only just resumed pursuing US IPOs in recent months, after Didi Global Inc.’s 2021 listing prompted a crackdown by Beijing on companies with ...